Astronics Corporation's PRESIDENT/CEO just declared owning 626,737 shares of Astronics Corporation

Peter J Gundermann, Astronics Corporation's PRESIDENT/CEO and a director of the company, has just filed an initial statement of beneficial ownership where 626,737 shares of Astronics Corporation were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Gundermann. Gundermann operates out of East Aurora, NY. Some additional info was provided as follows:

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 the 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. Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2019-December 31, 2021. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2021, with the vesting percentage determined based on actual performance.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Astronics Corporation's PRESIDENT/CEO just picked up 59,379 shares - Dec. 5, 2019
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