Form 4: Astec Industries Director Patrick Shannon Acquires Additional Shares Through Dividend Equivalents
SEC Form 4
Director Patrick Shannon acquired 11 shares of Astec Industries common stock through dividend equivalents on March 31, 2025.
Summary
- On March 31, 2025, Patrick Shannon, a director of Astec Industries Inc., acquired 11 shares of common stock.
- The acquisition was a result of dividend equivalents earned on prior RSU grant awards.
- The price per share for the acquisition was $0.00.
- Following the transaction, Shannon directly owns 3,828 shares of Astec Industries common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction, and the acquisition of shares by a director is generally viewed as a slightly positive sign, but not significantly impactful.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.
Industry Context
This is a routine disclosure related to insider transactions and is common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 2024/03/25 | Date of Power of Attorney execution, granting Terrell Gilbert, Jamie Palm, and Aletheia Silcott the authority to act on Patrick Shannon's behalf for SEC filings. |
| 2025/03/31 | Date of transaction: Patrick Shannon acquired 11 shares of Astec Industries common stock through dividend equivalents. |
Keywords
Astec Industries, Director, Patrick Shannon, Share Acquisition, Dividend Equivalents, Form 4, Securities Exchange Act, Insider Trading
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