Astec Industries (NASDAQ: ASTE) GC reports 501-share tax withholding move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ASTEC INDUSTRIES INC general counsel and corporate secretary Edward Terrell Jr reported a Form 4 transaction involving company common stock. On this date, 501 shares were disposed of at $61.31 per share to satisfy tax withholding obligations, leaving him with 9,803 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GILBERT EDWARD TERRELL JR
Role
GC & CORPORATE SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 501 | $61.31 | $31K |
Holdings After Transaction:
Common Stock — 9,803 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ASTE’s Edward Terrell report on this Form 4?
Edward Terrell reported a tax-withholding disposition of ASTEC INDUSTRIES common stock. He disposed of 501 shares as part of satisfying tax obligations, rather than an open-market sale, and retained direct ownership of 9,803 shares after the transaction.
What does transaction code F mean in the ASTE Form 4 for Edward Terrell?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this ASTE Form 4, 501 shares were withheld to satisfy applicable tax withholding obligations related to equity compensation, rather than being sold on the open market.
What is Edward Terrell’s role at ASTEC INDUSTRIES in this Form 4 filing?
The Form 4 identifies Edward Terrell as ASTEC INDUSTRIES’ general counsel and corporate secretary. He is an officer but not a director or 10% owner, and the reported transaction reflects equity compensation-related tax withholding.