Astronics (ATRO) Director Jeffry Frisby Exercises Options

What Happened

• Jeffry D. Frisby, a director of Astronics Corporation (ATRO), exercised stock options on September 16, 2026, acquiring 5,520 shares (4,000 + 1,520) at an exercise price of $23.75 per share for a total intrinsic cost of $131,100. The filing shows the same 5,520 shares were disposed of the same day (i.e., sold or transferred) at the same per-share price.

Key Details

• Transaction date: 2026-09-16; Exercise/Conversion code: M (options exercised)
• Prices and amounts: 4,000 shares @ $23.75 = $95,000; 1,520 shares @ $23.75 = $36,100; total = 5,520 shares / $131,100
• Shares owned after transaction: filing shows the acquired shares were immediately disposed (net zero change from these trades); the filing does not list total post-transaction holdings
• Footnote: F1 — shares acquired upon exercise of stock options
• Timeliness: Form 4 filed 2026-09-18 for a 2026-09-16 transaction (filed within the typical two-business-day window)

Context

• This was an option exercise followed by same-day disposition of the exercised shares, which is commonly a cashless exercise or sale to cover exercise costs/taxes; the filing records the mechanics but does not indicate the director’s intent or market view. Such transactions are routine for option exercises and, because the shares were sold the same day, they do not increase the insider’s beneficial ownership.