Keane Robert S 4
Research Summary
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ASTRONICS Director Robert S. Keane Receives Distributed Shares
What Happened Robert S. Keane, a director of ASTRONICS CORP (ATRO), was credited with a total of 85,802 shares on June 15, 2026 through corporate distributions. The filing shows three "other acquisition or disposition" entries (code J) for 2,786; 41,639; and 41,377 shares, each at $0.00 per share (total cash paid = $0). This was a non‑market distribution of Class B stock (not an open‑market purchase).
Key Details
- Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely filing).
- Reported transactions: 2,786; 41,639; and 41,377 shares — total 85,802 shares — price $0.00 per share.
- Footnote F1: Shares issued pursuant to a one‑for‑five distribution of Class B stock to holders of Common and Class B stock on the June 15, 2026 record date.
- Footnote F2/F3: Some shares are held by Boston & Saranac LLC (owned by a trust for the reporting person and spouse); other shares are reported as the trust's entire interest though Keane’s proportionate interest is below 25%.
- Shares owned after the transaction: not specified in the provided filing.
Context This was a corporate stock distribution (one‑for‑five Class B stock) rather than a purchase or sale on the market, meaning no cash was exchanged and it does not directly signal buying/selling intent. The filing reports trust and entity ownership details—Keane may be a potential beneficiary of some holdings but his direct economic interest in certain reported shares is below 25% per the footnotes.