Astronics Corporation's VP Astronics Advanced Electron just disposed of 3,000 shares

Mark Peabody, Astronics Corporation's VP Astronics Advanced Electron, recently disposed of 3,000 shares of the company. The disposals took place at $40.43 per share, on July 05, 2019. Peabody still owns 170,753 shares of the company. Peabody operates out of East Aurora, NY. Some additional info was provided as follows:

Shares sold pursuant to a 10b5-1 trading plan. 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 ve sting 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 of 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:

General statement of acquisition of beneficial ownership - June 10, 2020
Major owner of Astronics Corporation just disposed of 357,294 shares - June 9, 2020
Major owner of Astronics Corporation just disposed of 357,294 shares - June 9, 2020

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