Anshu Pasricha - Apr 26, 2023 Form 4 Insider Report for ASTEC INDUSTRIES INC (ASTE)

Role
GC and Corp Secretary
Signature
/s/ Aletheia Silcott, as attorney in fact for Anshu Pasricha
Stock symbol
ASTE
Transactions as of
Apr 26, 2023
Transactions value $
$0
Form type
4
Date filed
4/27/2023, 05:56 PM
Previous filing
Apr 3, 2023

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 +718 +40.91% $0.00 2.47K Apr 26, 2023 Common Stock 718 Direct F1, F2
* 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.