ASTRONICS CORP 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The Company’s Common Stock is traded on the Nasdaq Global Select Market under the symbol “ATRO”. The approximate number of shareholders of record as of February 19, 2026, was 1,588 for Common Stock and 1,707 for Class B Stock. The Company has not paid any cash dividends in the three-year period ended December 31, 2025. The Company has no plans to pay cash dividends in the future as it plans to retain all cash from operations as a source of capital to service debt and finance working capital and growth in the business. The following table summarizes our purchases of our common stock for the three months ended December 31, 2025: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Numbers (or approximate Dollar Value) of Shares that may yet be Purchased Under the Program (1) September 28 - October 25 — $ — — $ 41,483,815 October 26 - November 22 (2) 55,934 $ 49.91 — $ 41,483,815 November 23 - December 31 (2) 555 $ 52.65 — $ 41,483,815 (1) On September 17, 2019, the Board of Directors authorized an additional share repurchase program. This program authorizes repurchases of up to $50 million of common stock. Cumulative repurchases under this plan were approximately 310,000 shares at a cost of $8.5 million before the 10b5-1 plan associated with the share repurchase program was terminated on February 3, 2020. (2) Represents shares withheld by the Company upon the exercise of stock options to cover exercise price and satisfy tax withholding obligations. The following graph compares the Company’s annual percentage change in cumulative total return on common shares over the past five years with the cumulative total return of companies comprising the S&P 500 Index and the NASDAQ US Small Cap Aerospace and Defense TR Index. This presentation assumes that $100 was invested in shares of the relevant issuers on December 31, 2020, and that dividends received were immediately invested in additional shares. The graph plots the value of the initial $100 investment at one-year intervals for the fiscal years shown. 23 2020 2021 2022 2023 2024 2025 Astronics Corp. Return % — (9.30) (14.18) 69.10 (8.39) 239.81 Cumulative $ 100.00 90.70 77.84 131.64 120.59 409.78 S&P 500 Index - Total Return Return % — 28.71 (18.11) 26.29 25.02 17.88 Cumulative $ 100.00 128.71 105.40 133.10 166.40 196.16 NASDAQ US Small Cap Aerospace and Defense TR Index - Total Return Return % — (7.24) (7.27) 32.41 47.69 61.65 Cumulative $ 100.00 92.76 86.01 113.89 168.20 271.90 ITEM 6. [Reserved]