Form 4: ASTEC Industries CEO Acquires Additional Shares and Phantom Stock Through Routine Compensation

ASTEC Industries' Chief Executive Officer, Jaco van der Merwe, reported the acquisition of 169 shares of common stock and 5 shares of phantom stock through dividend equivalents and a supplemental executive retirement plan.

Summary

• Jaco van der Merwe, Chief Executive Officer of ASTEC Industries Inc. (ASTE), reported transactions on May 30, 2025.
• He acquired 169 shares of common stock, representing dividend equivalents earned on prior Restricted Stock Unit (RSU) grant awards, at a price of $0.00 per share.
• He also acquired 5 shares of phantom stock under Astec's supplemental executive retirement plan (SERP), also at a price of $0.00 per share.
• Following these transactions, Mr. van der Merwe beneficially owns 93,446 shares of common stock directly.
• He also beneficially owns 1,384.3702 shares of phantom stock directly.
• Each share of phantom stock represents the right to receive the cash value of one share of Astec common stock, payable upon termination of service in a lump sum or up to 10 annual installments at the reporting person's election.
• A Power of Attorney, dated March 26, 2024, grants Terrell Gilbert, Jamie Palm, and Aletheia Silcott the authority to execute Section 16 filings on behalf of Mr. van der Merwe.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects routine, non-cash acquisitions by the CEO, indicating continued participation in the company's compensation plans and alignment with shareholder interests, without any negative implications.

Positives

• The acquisition of additional shares and phantom stock by the CEO, even if non-cash, indicates continued alignment of management's interests with shareholders through compensation plans.
• The phantom stock plan provides a long-term incentive for the executive, aligning their future financial interests with the company's performance.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to executive compensation and does not provide information relevant to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The transactions represent a routine part of executive compensation, aligning the CEO's interests with long-term shareholder value through equity and phantom stock holdings.

Key Dates

Keywords

ASTEC Industries, ASTE, Form 4, Insider Transaction, CEO, Jaco van der Merwe, Common Stock, Phantom Stock, Dividend Equivalents, Supplemental Executive Retirement Plan, Executive Compensation