Form 4: Astec Industries Director Acquires Additional Shares Through Dividend Equivalents
SEC Form 4
Director Mark Joseph Gliebe acquired 12 shares of Astec Industries common stock through dividend equivalents on May 31, 2024.
Summary
- On May 31, 2024, Mark Joseph Gliebe, a director of Astec Industries Inc., acquired 12 shares of common stock.
- The acquisition was a result of dividend equivalents earned on prior RSU grant awards.
- The price per share was $0.00.
- Following the transaction, Gliebe directly owns 6,942 shares of Astec Industries common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
This is a routine Form 4 filing, reflecting a director's acquisition of shares through dividend equivalents, a common practice in executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Mark Joseph Gliebe acquired 12 shares of Astec Industries common stock. |
| 06/03/2024 | Date of signature: Edward Terrell Gilbert, JR signed the document as attorney in fact for Mark Joseph Gliebe. |
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