Astronics CEO Peter Gundermann Receives Stock Distribution and Equity Awards
This Form 4 filing reports that Astronics Corp. President/CEO Peter J. Gundermann received a one-for-five distribution of Class B stock on June 15, 2026, resulting in 168,375 additional shares at $0 per share, bringing his total Class B holdings to 916,286 shares. Additionally, Gundermann received adjustments to multiple stock option grants and restricted stock units (RSUs) as part of the same distribution. The filing includes details of 13 derivative transactions involving options and RSUs, all acquired at $0 per share. Notably, three RSU grants have performance-based vesting tied to Astronics' average annual adjusted EBITDA over specific three-year periods (2024-2026, 2025-2027, and 2026-2028), with vesting percentages ranging from 50% to 150% based on actual performance. Gundermann also holds 93,967.608 shares of common stock directly.