Form 4: Director Gliebe Receives ASTEC Dividend Equivalents
Insider Transaction Report
ASTEC INDUSTRIES Director Mark Joseph Gliebe reported the acquisition of 10 shares of common stock as dividend equivalents on previously granted RSU awards.
Summary
- Mark Joseph Gliebe, a Director of Astec Industries, Inc. (ASTE), acquired 10 shares of common stock on November 26, 2025.
- These shares represent dividend equivalents earned on prior Restricted Stock Unit (RSU) grant awards.
- The transaction price per share was $0.00.
- Following this transaction, Gliebe beneficially owns 10,538 shares of common stock directly.
- The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
- The Form 4 filing was signed by Edward Terrell Gilbert, JR as attorney-in-fact for Mark Joseph Gliebe on November 28, 2025.
- A Power of Attorney, dated March 27, 2024, authorizes Terrell Gilbert, Jamie Palm, and Aletheia Silcott to execute Section 16 filings on behalf of Mark Gliebe.
Sentiment
Score: 6
Explanation: This is a routine compliance filing reporting the acquisition of a small number of shares as dividend equivalents, which is an expected part of director compensation. It does not indicate significant operational or financial news for the company.
Positives
- The acquisition of shares, even as dividend equivalents, increases the director's direct ownership in the company, aligning interests with shareholders.
- The transaction is part of a Rule 10b5-1 plan, indicating a pre-arranged, compliant transaction.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitors. It reflects an individual director's compensation structure.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Attorney-in-Fact | Mark Gliebe granted a Power of Attorney to Terrell Gilbert, Jamie Palm, and Aletheia Silcott to execute Forms 3, 4, and 5 on his behalf, ensuring timely and compliant SEC filings. | 2024-03-27 | Enhances efficiency and compliance for insider transaction reporting for the director. |
Stakeholder Impact
- Shareholders: Minimal direct impact. The increase in director ownership, while small, aligns interests.
- Employees/Customers/Suppliers/Creditors: No direct impact from this specific filing.
Key Dates
| Date | Description |
|---|---|
| 2024-03-27 | Date of Power of Attorney granting authority to attorneys-in-fact for Section 16 filings. |
| 2025-11-26 | Date of transaction where Mark Joseph Gliebe acquired 10 shares of common stock. |
| 2025-11-28 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThis Form 4 filing reports a routine, non-cash acquisition of a small number of shares by a director as part of their compensation package (dividend equivalents on RSUs). Such a transaction is expected and does not provide new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It is a compliance filing with minimal market impact.
Keywords
ASTEC INDUSTRIES INC, ASTE, Form 4, Beneficial Ownership, Director, Mark Joseph Gliebe, Dividend Equivalents, RSU, Restricted Stock Units, Insider Transaction, SEC Filing, Corporate Governance
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