Form 4: Astec Industries VP Jamie E. Palm Reports Acquisition of Common Stock Through Dividend Equivalents
SEC Form 4
Astec Industries' VP, CAO & Corporate Controller, Jamie E. Palm, reports acquiring 17 shares of common stock due to dividend equivalents earned on prior RSU grants.
Summary
- On March 29, 2024, Jamie E. Palm, VP, CAO & Corporate Controller of Astec Industries Inc., acquired 17 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 was $0.00.
- Following the transaction, Palm directly owns 7,031 shares of Astec Industries Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction. The acquisition of shares through dividend equivalents is a standard practice.
Positives
- The acquisition of shares through dividend equivalents suggests a positive performance of the underlying RSU grants.
Industry Context
This is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend equivalents.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of Power of Attorney execution. |
| 03/29/2024 | Date of transaction: acquisition of common stock. |
| 04/01/2024 | Date of signature for the Form 4 filing. |
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