Form 4: Astec Industries VP Robert Putney Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Robert Putney, VP and Chief Accounting Officer of Astec Industries, reports disposing of shares to cover tax withholding obligations.
Summary
- Robert Putney, the VP and Chief Accounting Officer of Astec Industries, reported the disposal of common stock on February 26, 27, and 28, 2025.
- These transactions were executed to satisfy tax withholding obligations.
- A total of 56 shares were disposed of on February 26 at a price of $31.17.
- On February 27, 40 shares were disposed of at $35.49.
- Finally, on February 28, 21 shares were disposed of at $35.85.
- Following these transactions, Putney directly owns 1,715 shares of Astec Industries common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax-related stock disposals and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Disposal of 56 shares of common stock at $31.17 per share. |
| 02/27/2025 | Disposal of 40 shares of common stock at $35.49 per share. |
| 02/28/2025 | Disposal of 21 shares of common stock at $35.85 per share. |
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