James S Kramer, Astronics Corporation's Executive Vice President, recently disposed of 3,200 shares of the company. The disposals took place at $30.06 per share, on November 21, 2018. Kramer still owns 416,173 shares of the company. Kramer operates out of East Aurora, NY. Some additional info was provided as follows:
Sold pursuant to a 10b5-1 trading plan.
Mr. Kramer disclaims any beneficial interest in the shares owned by his wife.
Represents shares held by James Shore Kramer Cust for Leah Jane Kramer. The beneficiary is the reporting person's immediate family.
Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for t
he period of January 1, 2018- December 31, 2020. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2020, with the vesting percentage determined based on actual performance.
Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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