Form 4: ASTEC INDUSTRIES Director Patrick Shannon Acquires Shares Through Dividend Equivalents
Insider Transaction Report
ASTEC INDUSTRIES Director Patrick S. Shannon has acquired 12 shares of common stock through dividend equivalents on previously granted Restricted Stock Units (RSUs), increasing his direct beneficial ownership to 7,372 shares.
Summary
- Patrick S. Shannon, a Director of Astec Industries Inc. (ASTE), acquired 12 shares of common stock.
- The acquisition occurred on May 30, 2025, at a price of $0.00 per share.
- These shares represent dividend equivalents earned on prior Restricted Stock Unit (RSU) grant awards.
- Following this transaction, Mr. Shannon directly beneficially owns 7,372 shares of Astec Industries common stock.
Sentiment
Score: 7
Explanation: The filing indicates a routine, expected transaction (dividend equivalents) for a director, which is generally a neutral to slightly positive sign of continued alignment with shareholder interests. No negative information is present.
Positives
- The acquisition of shares through dividend equivalents indicates continued participation and alignment of a director's interests with shareholders.
- The increase in beneficial ownership, albeit small, reflects a director's ongoing stake in the company.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Patrick Shannon granted a Power of Attorney to Terrell Gilbert, Jamie Palm, and Aletheia Silcott to execute Forms 3, 4, and 5 on his behalf for SEC compliance. | 03/25/2024 | Streamlines SEC filing process for the reporting person, ensuring timely compliance with Section 16(a) of the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: The transaction shows a director's continued ownership and alignment with shareholder interests through routine equity compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date Power of Attorney was executed by Patrick Shannon. |
| 05/30/2025 | Date of transaction where Patrick S. Shannon acquired 12 shares of common stock. |
| 06/03/2025 | Date the Form 4 was signed by Edward Terrell Gilbert, JR as attorney in fact for Patrick S Shannon. |
Recommendation
holdKeywords
ASTEC INDUSTRIES, ASTE, Form 4, Insider Trading, Director, Patrick Shannon, Dividend Equivalents, Restricted Stock Units, Share Acquisition, Beneficial Ownership
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