Form 4: Astec Industries CFO Brian James Harris Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Brian James Harris, CFO of Astec Industries, reports disposing of 611 shares of common stock on February 26, 2025, to cover tax withholding obligations.
Summary
- On February 26, 2025, Brian James Harris, the Chief Financial Officer of Astec Industries, disposed of 611 shares of the company's common stock.
- The transaction was executed to satisfy applicable tax withholding obligations.
- The shares were disposed of at a price of $31.17 per share.
- Following the transaction, Harris directly owns 11,892 shares of Astec Industries common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction appears to be a standard tax-related stock disposal, which is common among executives who receive stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock disposal transaction. |
| 02/28/2025 | Date of signature on the Form 4 filing. |
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