Davis Julie M 4
4 · ASTRONICS CORP · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Astronics (ATRO) Secretary Julie M. Davis Receives Stock & RSUs
What Happened
Julie M. Davis, Secretary of Astronics Corp. (ATRO), was issued a one‑for‑five distribution of Class B stock (1,620 shares) and received a total of 2,353 restricted stock units (RSUs) on June 15, 2026 — 3,973 units in aggregate. All items were recorded as acquisitions with $0 cash paid (issuances/awards rather than open‑market purchases).
Key Details
- Transaction date(s): June 15, 2026; Form 4 filed June 17, 2026 (timely filing).
- Reported consideration: $0 (stock distribution and RSU awards).
- Breakdown: 1,620 shares issued as a one‑for‑five Class B stock distribution; 2,353 RSUs reported as derivative acquisitions.
- Vesting/settlement notes (from filing footnotes): some RSUs convert to common shares and some to Class B shares; certain RSUs vest 100% on specific dates (e.g., Feb 22, 2027 and Feb 27, 2028), and another RSU grant is performance‑based (vesting Feb 19, 2029 at 50%–150% of target depending on adjusted EBITDA performance).
- Shares owned after the transactions: not disclosed in the information provided.
Context
- The 1,620 units were a distribution of Class B stock to holders on the record date (corporate action), while the RSUs are awards that convert to shares at settlement and/or upon vesting.
- These are not open‑market purchases (which some investors view as stronger bullish signals); they are company issuances and compensation/long‑term incentive awards.
- Performance RSUs vest based on multi‑year EBITDA targets and may pay out between 50% and 150% of the target amount depending on results.
If you want, I can pull the exact vesting schedule mapping to each RSU line or fetch the full Form 4 text (accession 0001628280-26-043892).
Insider Transaction Report
- Other
$.01 PV CL B STK
[F1]2026-06-15+1,620→ 2,256 total - Other
Option
[F1]2026-06-15+570→ 926 totalExercise: $26.47From: 2017-12-14Exp: 2026-12-14→ $.01 PV CL B STK (570 underlying) - Other
Restricted Stock Unit
[F4][F1][F3]2026-06-15+500→ 500 total→ $.01 PV CL B STK (500 underlying) - Other
Restricted Stock Unit
[F4][F1][F5]2026-06-15+900→ 900 total→ $.01 PV CL B STK (900 underlying) - Other
Restricted Stock Unit
[F4][F1][F6]2026-06-15+383→ 383 total→ $.01 PV CL B STK (383 underlying)
- 7,466.251
$.01 PV Com Stk
- 1,500
Option
Exercise: $26.47From: 2017-12-14Exp: 2026-12-14→ $.01 PV Com Stk (1,500 underlying) - 2,500
Restricted Stock Unit
[F2][F3]→ $.01 PV Com Stk (2,500 underlying) - 4,500
Restricted Stock Unit
[F2][F5]→ $.01 PV Com Stk (4,500 underlying) - 1,916
Restricted Stock Unit
[F2][F6]→ $.01 PV Com Stk (1,916 underlying)
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]These restricted stock units are scheduled to vest 100% on February 22, 2027.
- [F4]Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.
- [F5]These restricted stock units are scheduled to vest 100% on February 27, 2028.
- [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.