Astec director granted 15 RSU dividend shares
Astec Industries director Shannon Patrick reported a small share award linked to prior RSU grants.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Astec Industries director Shannon Patrick reported a small share award linked to prior RSU grants. On the reported date, he acquired 15 shares of Astec common stock at no cash cost, representing dividend equivalents earned on earlier restricted stock unit awards. Following this grant, he directly holds 9,781 common shares. This is a routine compensation-related adjustment rather than an open-market purchase or sale.
Insider Trade Summary
Grant/Award: 15 shares
Grant/Award
1 txn
Insider
Shannon Patrick S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 9,781 shares (Direct)
Holdings Before and After:
Common Stock, 9,766 to 9,781 shares (Direct)
Footnotes (1)
- F1. Represents dividend equivalents earned on the prior RSU grant awards.
Key Figures
Shares granted: 15 shares
Grant price: $0.00 per share
Shares held after grant: 9,781 shares
3 metrics
Shares granted
15 shares
Dividend equivalents on prior RSU grant awards
Grant price
$0.00 per share
Non-cash grant of common stock
Shares held after grant
9,781 shares
Direct common stock holdings after transaction
Key Terms
dividend equivalents, RSU, restricted stock unit, Form 4
4 terms
dividend equivalents financial
"Represents dividend equivalents earned on the prior RSU grant awards."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
RSU financial
"Represents dividend equivalents earned on the prior RSU grant awards."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
restricted stock unit financial
"dividend equivalents earned on earlier restricted stock unit awards."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Form 4 regulatory
"Does the Astec Industries (ASTE) Form 4 indicate any derivative securities activity?"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Astec Industries (ASTE) report for Shannon Patrick?
Astec Industries reported that director Shannon Patrick acquired 15 shares of common stock. These shares are dividend equivalents credited on prior restricted stock unit (RSU) awards and were not purchased in the open market.
Was the Astec Industries (ASTE) insider transaction a market buy or sell?
The transaction was not a market buy or sell. It reflects a grant of 15 common shares as dividend equivalents on earlier RSU awards, recorded at zero price rather than an open-market purchase or sale.
What are dividend equivalents on RSU awards at Astec Industries (ASTE)?
Dividend equivalents on RSU awards are additional shares or credits reflecting dividends that would have been paid on underlying stock. In this case, 15 common shares were granted to Shannon Patrick as dividend equivalents on his prior RSU grants.
Does the Astec Industries (ASTE) Form 4 indicate any derivative securities activity?
No derivative securities transactions are reported in this Form 4. The filing only shows a non-derivative acquisition of 15 common shares as dividend equivalents, with no options or other derivatives listed in the derivative summary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
