Hedges Nancy L 4

4 · ASTRONICS CORP · Filed Jun 17, 2026

AI-generated summary of this filing

Updated Jun 18, 2026

Astronics (ATRO) Principal Accounting Officer Nancy Hedges Receives Stock & RSUs

What Happened

Nancy L. Hedges, Principal Accounting Officer of Astronics Corp. (ATRO), was reported as acquiring 6,666 shares (issued as Class B stock) and receiving 6,974 derivative awards (restricted stock units) on June 15, 2026.
All items were reported as acquisitions at $0.00: the 6,666 shares were issued pursuant to a one‑for‑five distribution of Class B stock; the 6,974 units are RSUs (1,004 + 3,540 + 2,430) and were reported as derivative acquisitions. These were not open‑market purchases and show no cash outlay.

Key Details

Transaction date: June 15, 2026; Filing date (Form 4): June 17, 2026 (timely).
Reported price: $0.00 for all items (distribution/awards).
Shares owned after transaction: not specified in the provided filing.
Notable footnotes:
- F1: 6,666 shares issued via a one‑for‑five Class B stock distribution to holders on the June 15 record date.
- F2/F4: Some RSUs represent rights to receive common stock (F2) and some to receive Class B stock (F4).
- F3/F5/F6: RSUs are performance‑based (vesting tied to average annual adjusted EBITDA over respective multi‑year performance periods); target amounts reported. Depending on performance, between 50%–150% of target units may vest on the stated future settlement dates (Feb 22, 2027; Feb 27, 2028; Feb 19, 2029).
Filing appears timely (filed two days after the record/transaction date).

Context

The $0.00 reporting indicates these were a stock distribution and performance‑based RSU awards — not purchases or sales. RSUs are derivatives that convert to shares only if/when they vest and settle per the performance conditions; they do not represent immediately tradable shares.
Such award/distribution transactions are common compensation or corporate actions and do not directly signal a buy/sell decision by the insider.

Form 4

Period: 2026-06-15

Principal Accounting Officer

Transactions

Other
$.01 PV CL B STK
[F1]
2026-06-15+6,666→ 7,953 total
Other
Restricted Stock Unit
[F4][F1][F3]
2026-06-15+1,004→ 1,004 total
→ $.01 PV CL B STK (1,004 underlying)
Other
Restricted Stock Unit
[F4][F1][F5]
2026-06-15+3,540→ 3,540 total
→ $.01 PV CL B STK (3,540 underlying)
Other
Restricted Stock Unit
[F4][F1][F6]
2026-06-15+2,430→ 2,430 total
→ $.01 PV CL B STK (2,430 underlying)

Holdings

Footnotes (6)

[F1]Shares issued pursuant to a one-for-five distribution of Class B stock to holders of both Common and Class B stock on the record date of June 15, 2026.
[F2]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
[F3]Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2024- December 31, 2026. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 22, 2027, with the vesting percentage determined based on actual performance.
[F4]Each restricted stock unit represents the right to receive, at settlement, one share of class B stock.
[F5]Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2025- December 31, 2027. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 27, 2028, with the vesting percentage determined based on actual performance.
[F6]Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2026- December 31, 2028. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 19, 2029, with the vesting percentage determined based on actual performance.

Signature

/S/JULIE DAVIS, as Power of Attorney for Nancy L. Hedges|2026-06-17

1 file