FRISBY JEFFRY D 4
Research Summary
AI-generated summary
Astronics (ATRO) Director Jeffry D. Frisby Receives Stock Distribution
What Happened
- Jeffry D. Frisby, a director of Astronics Corp. (ATRO), was issued shares on June 15, 2026 as part of a corporate stock distribution. The Form 4 reports acquisitions of 9,411 shares (common) and two derivative entries of 920 shares each, all at $0.00, for a total of 11,251 shares issued (no cash exchanged).
- These entries are coded as "J" (other acquisition/disposition) and are described in the filing footnote as shares issued pursuant to a one-for-five distribution of Class B stock to holders of both Common and Class B stock on the June 15, 2026 record date. Because the shares were issued as a distribution, this is not a market purchase or sale.
Key Details
- Transaction date: June 15, 2026; Form 4 filed: June 17, 2026 (appears timely).
- Reported entries: 9,411 shares @ $0.00 (acquired), plus 920 @ $0.00 (derivative) and 920 @ $0.00 (derivative) — total 11,251 shares; total cash value reported = $0.
- Footnote: F1 — issuance pursuant to a one-for-five Class B stock distribution to holders of Common and Class B stock (record date 6/15/2026).
- Shares owned after transaction: not specified in the transaction details provided in your summary filing.
Context
- This was a corporate distribution (stock split/dividend-style issuance), not an open-market purchase or sale; such issuances typically reflect corporate actions rather than an insider’s view of company prospects.
- Derivative-line items reflect issuance of Class B shares tied to the distribution; they do not indicate option exercises or cash transactions.