Astronics (ATRO) director reports Class B stock and option restructuring
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Astronics Corp director Neil Y. Kim reported internal equity adjustments rather than market trades. The filing shows a one-for-five distribution of Class B stock, issuing 8,811 Class B shares to him. Related option positions on Class B stock totaling 1,840 underlying shares were also adjusted, while he continues to hold 44,056 common shares and existing options on common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
KIM NEIL Y.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Option | 920 | $0.00 | -- |
| Other | Option | 920 | $0.00 | -- |
| Other | $.01 PV CL B STK | 8,811 | $0.00 | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | $.01 PV Com Stk | -- | -- | -- |
Holdings After Transaction:
Option — 1,520 shares (Direct, null);
$.01 PV CL B STK — 8,811 shares (Direct, null);
$.01 PV Com Stk — 44,056 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Class B shares received: 8,811 shares
Common shares held: 44,056 shares
Class B option position 1: 920 underlying shares at $28.37
+4 more
7 metrics
Class B shares received
8,811 shares
One-for-five Class B stock distribution on record date June 15, 2026
Common shares held
44,056 shares
$.01 PV common stock held directly after transactions
Class B option position 1
920 underlying shares at $28.37
Option on $.01 PV Class B stock, exercise price $28.37, expiration March 2, 2028
Class B option position 2
920 underlying shares at $23.75
Option on $.01 PV Class B stock, exercise price $23.75, expiration March 7, 2027
Common stock options
4,000 underlying shares at $28.37
Option on $.01 PV common stock, exercise price $28.37, expiration March 2, 2028
Additional common stock options
4,000 underlying shares at $23.75
Option on $.01 PV common stock, exercise price $23.75, expiration March 7, 2027
Restructuring shares total
10,651 shares
Shares involved in restructuring-coded transactions (J) in this filing
Key Terms
one-for-five distribution, Class B stock, other acquisition or disposition, restructuringCount, +1 more
5 terms
one-for-five distribution financial
"Shares issued pursuant to a one-for-five distribution of Class B stock"
Class B stock financial
"distribution of Class B stock to holders of both Common and Class B stock"
Class B stock is a type of company share that usually carries different voting or economic rights than the more common Class A shares — for example, fewer votes per share or different dividend rules. Investors care because those differences affect control and potential returns: it’s like owning a cheaper seat at an event that gives less say over what happens, so Class B shares can trade at different prices and influence how much sway a shareholder has over company decisions.
other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
restructuringCount financial
""restructuringCount": 3,"
exercise price financial
""conversion_or_exercise_price": "28.3700""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Astronics (ATRO) director Neil Y. Kim report in this Form 4?
Neil Y. Kim reported internal equity changes, not open-market trades. He received 8,811 Class B shares and adjustments to options tied to Class B stock, as part of a structured distribution, while retaining his existing common stock and option holdings.
What happened to Neil Y. Kim’s Astronics stock options in this Form 4 filing?
The filing shows option positions tied to Class B stock adjusted by 920 underlying shares at a $28.37 exercise price and 920 shares at $23.75. These are coded as “other” transactions, reflecting restructuring, not standard purchases or sales in the market.
What does the one-for-five Class B stock distribution at Astronics mean for holders?
The one-for-five distribution granted one Class B share for every five eligible shares held as of June 15, 2026. Neil Y. Kim’s 8,811 Class B shares were issued under this program, reflecting a proportional allocation rather than a negotiated trade or purchase.