Jaco van der Merwe - Mar 29, 2024 Form 4 Insider Report for ASTEC INDUSTRIES INC (ASTE)

Role
Chief Executive Officer
Signature
/s/ Edward Terrell Gilbert, JR as attorney in fact for Jaco van der Merwe
Stock symbol
ASTE
Transactions as of
Mar 29, 2024
Transactions value $
$0
Form type
4
Date filed
4/2/2024, 05:03 PM
Previous filing
Feb 28, 2024
Next filing
May 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASTE Common Stock Award $0 +128 +0.18% $0.00 72.3K Mar 29, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASTE Phantom Stock Award $0 +4.1 +0.3% $0.00 1.36K Mar 29, 2024 Common Stock 4.1 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents dividend equivalents earned on the prior RSU grant awards.
F2 Reflects acquisition of phantom stock under Astec's supplemental executive retirement plan. Each share of phantom stock represents the right to receive the cash value of one share of Astec common stock.
F3 The shares of phantom stock become payable upon the reporting person's termination of service as an officer, in a single lump sum or in up to 10 annual installments, at the election of the reporting person.