Astec (ASTE) insider reports 21-share RSU dividend-equivalent acquisition
Rhea-AI Filing Summary
Edward Terrell Gilbert Jr., GC & Corporate Secretary and director of Astec Industries Inc. (ASTE), reported a transaction on 08/29/2025. He acquired 21 shares of ASTE common stock as dividend equivalents from prior RSU grants at an effective price of $0.00. Following the reported transaction he beneficially owns 7,966 shares, held directly. The Form 4 was signed on 09/02/2025. The filing notes the acquisition represents dividend equivalents earned on prior restricted stock unit awards; no cash purchase or sale was reported.
Positive
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Negative
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Insights
TL;DR: Insider received a small RSU dividend-equivalent award; routine governance disclosure with no material change to ownership.
The filing documents a non-purchase acquisition of 21 shares via dividend equivalents tied to previously granted restricted stock units. Such entries are administrative and customary when companies pay dividend equivalents on RSUs. The reporting person remains a director and officer and continues to hold a modest stake of 7,966 shares directly. There are no new option grants, exercises, or dispositions disclosed and no cash consideration reported, indicating no immediate governance or compensation policy shifts.
TL;DR: Nominal insider share increase; transaction size is immaterial to ASTE capitalization.
The transaction involves 21 shares acquired at $0.00 as dividend equivalents and does not reflect open-market buying or selling. Given the small share quantity relative to typical public-company floats, this disclosure is unlikely to affect market valuation or signal a change in insider sentiment. Reporting is consistent with Section 16 requirements for insiders to disclose changes in beneficial ownership.