Davis Julie M 4

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).