Robert S. Keane, a director of Astronics Corp (NASDAQ:ATRO), filed a Form 4 on August 26, 2026, disclosing a conversion of 76,000 Class B shares into 76,000 shares of common stock on August 25, 2026, held indirectly through Boston & Saranac LLC.

Key Highlights

  • Transaction date: August 25, 2026, involving 76,000 Class B shares converted to 76,000 shares of common stock at a price of $0.
  • Indirect ownership vehicle: Boston & Saranac LLC, a Delaware limited liability company 100% owned by a trust whose beneficiaries are Keane and his spouse.
  • Post-conversion common stock: 76,000 shares of $.01 PV Com Stk held indirectly through Boston & Saranac LLC following the transaction.
  • Post-conversion Class B stock: 173,838 shares of $.01 PV CL B STK held indirectly through Boston & Saranac LLC following the transaction.
  • Separate trust interest: Keane is one of multiple potential beneficiaries of the EAK & KRK Trust U/A/D 10-15-97 FBO Elizabeth A. Keane, which directly holds 248,263 Class B shares; his proportionate interest is reported as below 25%.
  • Direct holdings: Keane also holds 13,934 shares of $.01 PV Com Stk and 2,786 shares of $.01 PV CL B STK directly.

Keane's Class B-to-Common Conversion at Astronics Corp

According to the filing, Robert S. Keane, listed as a director of Astronics Corp, reported a conversion transaction coded "C" on August 25, 2026. Boston & Saranac LLC, the indirect holding vehicle, converted 76,000 shares of $.01 PV CL B STK into 76,000 shares of $.01 PV Com Stk at a price of $0. The filing identifies Boston & Saranac as a Delaware limited liability company that is 100% owned by a trust whose beneficiaries are the reporting person and his spouse.

Following the reported transaction, Boston & Saranac LLC holds 76,000 shares of common stock and 173,838 shares of Class B stock indirectly on Keane's behalf, the filing states. In addition to these indirect holdings, the filing discloses that Keane directly owns 13,934 shares of $.01 PV Com Stk and 2,786 shares of $.01 PV CL B STK. A separate indirect position of 248,263 Class B shares is held by the EAK & KRK Trust U/A/D 10-15-97 FBO Elizabeth A. Keane, of which the filing states Keane is one of multiple potential beneficiaries with a proportionate interest below 25%.

The form was signed by Julie Davis as Power of Attorney for Robert Sprague Keane and filed on August 26, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The Form 4 disclosed a director-level conversion of 76,000 Class B shares to common stock at $0 on August 25, 2026, through Boston & Saranac LLC, along with existing direct and indirect share holdings across both share classes.