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ASTRONICS CORP·4

Jun 17, 4:13 PM ET

GUNDERMANN PETER J 4

Research Summary

AI-generated summary

Updated

Astronics (ATRO) CEO Peter Gundermann Receives Shares & RSUs

What Happened Peter J. Gundermann, President, CEO and Director of Astronics Corp. (ATRO), was reported to have acquired 168,375 Class B shares via a one-for-five distribution and received a total of approximately 147,172 restricted stock units/derivative awards on June 15, 2026. All reported acquisitions show a $0.00 per-share price (corporate distribution and awards), so no cash changed hands in these entries. The RSUs are performance- and time-based awards (see Key Details) and are reported as target amounts; actual shares settled may vary based on performance.

Key Details

  • Transaction date: June 15, 2026; Filing date: June 17, 2026. Reported price: $0.00 (distribution/awards).
  • Shares received: 168,375 Class B shares from a 1-for-5 distribution (footnote F1).
  • RSUs/derivatives: ~147,172 target restricted stock units reported (multiple awards). Each RSU represents the right to receive one share (common or Class B) at settlement (footnotes F2, F4).
  • Vesting/performance conditions: Some RSUs vest based on Astronics’ average annual adjusted EBITDA for different performance periods:
    • Awards tied to 1/1/2024–12/31/2026 (target reported; 50–150% may vest; settlement ~2/23/2027) (F3).
    • Awards tied to 1/1/2025–12/31/2027 (target reported; 50–150% may vest; settlement ~2/27/2028) (F5).
    • Awards tied to 1/1/2026–12/31/2028 (target reported; 50–150% may vest; settlement ~2/19/2029) (F6).
  • Shares owned after the transaction: not provided in the data supplied.
  • Filing timeliness: no late-filing indication provided in the materials you gave.

Context These entries are corporate distributions and grant/award-related acquisitions reported at $0.00 and are not open-market purchases or sales. The RSUs are performance-contingent — the final number of shares to be issued at settlement could be between 50% and 150% of the reported target depending on EBITDA results. Such award-related entries reflect compensation and corporate actions rather than immediate bullish or bearish trading by the insider.