Astec Industries (ASTE) president awarded stock and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Astec Industries Group President Barend Snyman reported multiple equity compensation events in common stock. On February 26–27, he received stock awards of 1,071 and 1,477 shares, recorded as grant or award acquisitions. Several same‑day dispositions of 856, 254, 325, and 449 shares were reported as tax-withholding transactions to cover exercise price or tax liabilities.
All transactions involve directly held common stock, and a footnote explains that some shares were withheld to satisfy applicable tax obligations and that balances were updated for dividend equivalents on a 2025 RSU award.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
SNYMAN BAREND
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 254 | $62.34 | $16K |
| Tax Withholding | Common Stock | 325 | $62.34 | $20K |
| Tax Withholding | Common Stock | 449 | $62.34 | $28K |
| Grant/Award | Common Stock | 1,071 | $62.34 | $67K |
| Grant/Award | Common Stock | 1,477 | $62.34 | $92K |
| Tax Withholding | Common Stock | 856 | $61.31 | $52K |
Holdings After Transaction:
Common Stock — 17,608 shares (Direct)
Footnotes (1)
- Shares withheld to satisfy applicable tax withholding obligation. Total share balance is updated to reflect dividend equivalents earned on the 2025 RSU award. Shares acquired pursuant to vesting of stock awards from the Company in accordance with the terms of such stock awards.
FAQ
What insider transactions did ASTE Group President Barend Snyman report?
Barend Snyman reported equity compensation activity in Astec Industries common stock, including grants and tax-withholding dispositions. He received awards of 1,071 and 1,477 shares and reported several small share disposals used to satisfy tax or exercise price obligations tied to those awards.
Were Barend Snyman’s ASTE stock transactions open-market buys or sells?
The reported ASTE transactions were not open-market trades. They are classified as stock award grants (code A) and tax-withholding dispositions (code F), where shares are withheld by the company to pay taxes or exercise costs associated with vesting stock awards rather than discretionary market purchases or sales.
Does the ASTE Form 4 mention dividend equivalents on Barend Snyman’s awards?
Yes. A footnote states that the total share balance was updated to reflect dividend equivalents earned on the 2025 RSU award. This means additional shares were credited in line with dividends, adjusting the reported balance associated with that restricted stock unit grant for Astec Industries.