Astec CEO granted 139 dividend-equivalent shares
Astec’s CEO received additional common shares via RSU dividend equivalents and phantom stock units credited under the supplemental executive retirement plan.
Rhea-AI Filing Summary
ASTEC INDUSTRIES INC (ASTE) reported that Chief Executive Officer Jaco van der Merwe received equity-related awards on August 28, 2026. He acquired 139 shares of common stock as dividend equivalents on prior RSU awards, bringing his direct common stock holdings to 113,376 shares. He also acquired 4.2118 units of Phantom Stock under Astec's supplemental executive retirement plan, increasing his phantom stock balance to 1,403.5514 units, which are payable in cash after his service as an officer ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 143.2118 shares
Grant/Award
2 txns
Insider
Merwe Jaco van der
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F2, F3 | 4.2118 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 139 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 1,403.5514 contracts (Direct);
Common Stock — 113,376 shares (Direct)
Footnotes (3)
- F1. Represents dividend equivalents earned on the prior RSU grant awards.
- F2. Reflects acquisition of phantom stock under Astec's supplemental executive retirement plan. Each share of phantom stock represents the right to receive the cash value of one share of Astec common stock.
- F3. The shares of phantom stock become payable upon the reporting person's termination of service as an officer, in a single lump sum or in up to 10 annual installments, at the election of the reporting person.
Key Figures
Common shares acquired: 139 shares
Common shares held after transaction: 113,376 shares
Phantom stock units acquired: 4.2118 units
+2 more
5 metrics
Common shares acquired
139 shares
Dividend equivalents on prior RSU awards on August 28, 2026
Common shares held after transaction
113,376 shares
CEO direct ownership following August 28, 2026 award
Phantom stock units acquired
4.2118 units
Phantom Stock credited under supplemental executive retirement plan on August 28, 2026
Phantom stock units held after transaction
1,403.5514 units
CEO phantom stock balance after August 28, 2026 grant
Maximum installment period for phantom stock payout
10 annual installments
Payout schedule choice after termination of service as an officer
Key Terms
Phantom Stock, dividend equivalents, supplemental executive retirement plan, restricted stock unit
4 terms
Phantom Stock financial
"Reflects acquisition of phantom stock under Astec's supplemental executive retirement plan"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
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.
supplemental executive retirement plan financial
"acquisition of phantom stock under Astec's supplemental executive retirement plan"
restricted stock unit financial
"dividend equivalents earned on the prior RSU grant 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.
FAQ
What insider transactions did ASTE’s CEO report on August 28, 2026?
The CEO reported two acquisitions: 139 shares of common stock as dividend equivalents on prior RSU awards and 4.2118 phantom stock units under the supplemental executive retirement plan, all on August 28, 2026.
What is the phantom stock position for the ASTE CEO after the reported transaction?
Following the reported grant, the CEO holds 1,403.5514 units of Phantom Stock. Each phantom stock unit represents the right to receive the cash value of one share of Astec common stock at a future payout date.
When will the ASTE CEO’s phantom stock units become payable?
The phantom stock units become payable upon the CEO’s termination of service as an officer, and may be paid in a single lump sum or in up to 10 annual installments, based on his election.
Were the ASTE CEO’s August 28, 2026 transactions under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan for these transactions, meaning they are not reported as being executed under a pre-arranged 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
