PEABODY MARK 4

What Happened

• Mark Peabody, Executive Vice President & President—Aerospace at Astronics Corp (ATRO), recorded multiple "other acquisition" transactions on June 15, 2026. He received 49,165 shares issued under a one‑for‑five distribution of Class B stock and 30,991 restricted stock units (RSUs) tied to future settlement — a combined total of 80,156 shares. All items are reported at $0.00 (no cash purchase).

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely filing).
• Transaction code: J (other acquisition/disposition) — used here for a stock distribution and RSU grants/awards.
• Amounts received: 49,165 shares from the 1-for-5 Class B distribution (F1) + 30,991 RSUs (sum of line items). Total acquired = 80,156 shares (reported value $0).
• RSU notes:
  • Some RSUs convert to common stock at settlement (F2); others convert to Class B stock (F4).
  • Several RSU tranches are performance‑based: vesting depends on average annual adjusted EBITDA over varying multi‑year periods and may vest between 50%–150% of target, with settlement dates in 2027, 2028, and 2029 (F3, F5, F6).
• Shares owned after transaction: not specified in the provided filing.
• No indication of cash purchase, sale, or tax withholding in this filing; these are distribution/award transactions rather than open‑market trades.

Context

• These transactions are non‑cash award/distribution events. RSUs are derivatives (rights to receive shares later) with performance conditions — they do not represent immediate open‑market purchases or sales and thus are not a direct bullish or bearish trading signal by themselves.