Astec CEO receives stock and phantom unit awards
Astec Industries Chief Executive Officer Jaco van der Merwe reported routine equity-based compensation awards.
Rhea-AI Filing Summary
Astec Industries Chief Executive Officer Jaco van der Merwe reported routine equity-based compensation awards. On March 31, 2026, he acquired 119 shares of Common Stock as a grant, bringing his direct common stock holdings to 113,116 shares.
He also acquired 3.3733 shares of Phantom Stock, increasing his phantom stock balance to 1,395.7435 units. Footnotes explain these phantom units are credited as dividend equivalents on prior RSU awards and under Astec’s supplemental executive retirement plan, and are payable in cash after his officer service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 122.3733 shares
Grant/Award
2 txns
Insider
Merwe Jaco van der
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 3.3733 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 119 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 1,395.7435 contracts (Direct);
Common Stock — 113,116 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 stock grant: 119 shares
Common shares held after grant: 113,116 shares
Phantom stock award: 3.3733 units
+2 more
5 metrics
Common stock grant
119 shares
Grant/award on March 31, 2026
Common shares held after grant
113,116 shares
Direct ownership after March 31, 2026 transaction
Phantom stock award
3.3733 units
Dividend equivalents under RSU grants on March 31, 2026
Phantom stock balance
1,395.7435 units
Total phantom stock after March 31, 2026 acquisition
Transaction price per share
$0.0000
Both the common stock and phantom stock awards
Key Terms
Phantom Stock, dividend equivalents, supplemental executive retirement plan, RSU
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
"Reflects acquisition of phantom stock under Astec's supplemental executive retirement plan."
RSU financial
"Represents dividend equivalents earned on the prior RSU grant awards."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ASTE CEO Jaco van der Merwe report on this Form 4?
He reported equity-based compensation awards, not open-market trades. On March 31, 2026, he received 119 shares of Astec Industries common stock and 3.3733 phantom stock units, increasing his direct common shareholdings and phantom stock balance as part of his executive compensation.
What is the phantom stock awarded to the ASTE CEO and how does it work?
The phantom stock represents a cash-settled benefit tied to Astec’s share value. Each phantom stock unit equals the cash value of one Astec common share and is credited under the supplemental executive retirement plan, becoming payable after the officer’s service ends, either in a lump sum or installments.
Why did the ASTE CEO receive 3.3733 phantom stock units on March 31, 2026?
The 3.3733 phantom stock units represent dividend equivalents on prior RSU grant awards. When Astec pays dividends, equivalent value is credited as additional phantom stock under the supplemental executive retirement plan, increasing the CEO’s deferred cash-based retirement benefit linked to the company’s share value.
When will the ASTE CEO receive payment for his phantom stock balance?
The phantom stock becomes payable after he terminates service as an officer. At that time, the balance is paid in cash either in a single lump sum or in up to ten annual installments, according to his prior election under Astec’s supplemental executive retirement plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
