ASTEC (NASDAQ: ASTE) CEO receives RSU grant and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ASTEC INDUSTRIES INC Chief Executive Officer Jaco van der Merwe reported equity compensation activity involving the company’s common stock. On the award side, he acquired 19,194 shares through a grant/award under the company’s 2025 Equity Incentive Plan, at a stated price of $0.00 per share, increasing his direct holdings.
To cover related tax obligations, 3,377 shares of common stock were disposed of through a tax-withholding transaction at $58.72 per share, rather than an open‑market sale. After these transactions, he directly owned 109,559 shares of ASTEC INDUSTRIES INC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Merwe Jaco van der
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,377 | $58.72 | $198K |
| Grant/Award | Common Stock | 19,194 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 109,559 shares (Direct)
Footnotes (1)
- Reported transaction is an annual grant of RSUs under the Company's 2025 Equity Incentive Plan. Shares withheld to satisfy applicable tax withholding obligation.
FAQ
What insider transactions did ASTE’s CEO report on this Form 4?
The CEO reported an equity award and a related tax-withholding transaction. He received 19,194 common shares as a grant under the 2025 Equity Incentive Plan, and 3,377 shares were disposed of to satisfy tax obligations linked to this award.
Were the ASTE CEO’s transactions open-market buys or sells?
Neither transaction was an open‑market trade. The CEO’s 19,194 shares came from an RSU grant, and 3,377 shares were withheld to cover tax liabilities, so no traditional open‑market buying or selling occurred in this Form 4.