Hedges Nancy L 4

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.