Rebecca A. Weyenberg - Apr 5, 2022 Form 4 Insider Report for ASTEC INDUSTRIES INC (ASTE)

Role
Chief Financial Officer
Signature
/s/ Anshu Pasricha, Attorney-in-fact for Rebecca A. Weyenberg
Stock symbol
ASTE
Transactions as of
Apr 5, 2022
Transactions value $
$0
Form type
4
Date filed
4/7/2022, 04:52 PM
Previous filing
Jun 1, 2022
Next filing
May 4, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASTE Phantom Stock Award $0 +442 +34.7% $0.00 1.72K Apr 5, 2022 Common Stock 442 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Total share balance is updated to reflect an automatic reinvestment of dividend equivalent rights with respect to phantom stock held in the SERP.