Form 4: Astec Industries GC & Corporate Secretary Edward Terrell Gilbert JR Acquires Shares Through RSU Grant
SEC Form 4
Edward Terrell Gilbert JR, GC & Corporate Secretary of Astec Industries, acquired 4,747 shares of common stock through a restricted stock unit (RSU) grant on May 15, 2024.
Summary
- On May 15, 2024, Edward Terrell Gilbert JR, the GC & Corporate Secretary of Astec Industries, acquired 4,747 shares of Astec Industries common stock.
- The acquisition was a grant of Restricted Stock Units (RSUs) under the company's 2021 Equity Incentive Plan.
- The price per share for the RSU grant was $0.00.
- Following the transaction, Gilbert directly owns 4,747 shares of Astec Industries common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns management interests with shareholders.
Positives
- The RSU grant aligns the interests of the executive with those of the shareholders.
Industry Context
This type of equity grant is a common practice in publicly traded companies to incentivize and retain key personnel.
Stakeholder Impact
- The RSU grant could have a slightly dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Grant of 4,747 shares of common stock via RSU. |
| 05/16/2024 | Date of signature for the Form 4 filing. |
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