Jaco van der Merwe - Mar 30, 2023 Form 4 Insider Report for ASTEC INDUSTRIES INC (ASTE)

Role: Chief Executive Officer
Signature: /s/ Jamie Palm, attorney in fact for Jaco van der Merwe
Stock symbol: ASTE
Transactions as of: Mar 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/3/2023, 05:59 PM
Previous filing: Mar 20, 2023
Next filing: May 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASTE	Common Stock	Award	$0	+64	+0.15%	$0.00	44.2K	Mar 30, 2023	Direct	F1

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	+4.3	+0.32%	$0.00	1.34K	Mar 30, 2023	Common Stock	4.3		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents dividend equivalents earned on the 2021, 2022, and 2023 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.