Form 4: Astec Industries Director Tracey H. Cook Acquires Additional Shares Through Dividend Equivalents
SEC Form 4
Director Tracey H. Cook acquired 11 shares of Astec Industries common stock on March 31, 2025, through dividend equivalents earned on prior RSU grants.
Summary
- On March 31, 2025, Tracey H. Cook, a director of Astec Industries Inc., acquired 11 shares of common stock.
- The acquisition was a result of dividend equivalents earned on prior Restricted Stock Unit (RSU) grant awards.
- The price per share for the acquisition was $0.00.
- Following the transaction, Cook directly owns 14,287 shares of Astec Industries Inc.
- Edward Terrell Gilbert, JR, acting as attorney in fact, signed the Form 4 on behalf of Tracey H. Cook.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which can be seen as a positive sign, but the amount is small and related to dividend equivalents.
Positives
- The acquisition of shares through dividend equivalents suggests a continued investment and alignment of interests between the director and the company.
Industry Context
This transaction is a routine disclosure of insider activity and doesn't necessarily indicate a significant trend within the industry.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| March 26, 2024 | Date of Power of Attorney execution. |
| March 31, 2025 | Date of transaction: acquisition of 11 shares of common stock. |
Keywords
Astec Industries, Director, Tracey H. Cook, Share Acquisition, Dividend Equivalents, RSU, Form 4, Beneficial Ownership
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