Merwe Jaco van der 4

What Happened

• Jaco van der Merwe, CEO of Astec Industries (ASTE), received an annual restricted stock unit (RSU) award of 19,194 shares on 2026-02-20 (transaction code A). The grant is reported at $0.00 per share in the Form 4 (typical for RSU awards).
• On 2026-02-21, 3,377 shares were disposed (transaction code F) as shares withheld to satisfy tax withholding obligations; the filing shows those shares valued at $58.72 each for a total of $198,297. This withholding is a tax-related disposition, not an open-market sale.

Key Details

• Grant date: 2026-02-20 (19,194 RSUs; code A; reported at $0.00 per share).
• Tax withholding: 2026-02-21 (3,377 shares withheld at $58.72; total value $198,297; code F).
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Footnotes: F1 = annual RSU grant under the Company’s 2025 Equity Incentive Plan; F2 = shares withheld to satisfy tax withholding.
• Filing: Form 4 filed 2026-02-24. The report shows the transactions and footnotes; no late-filing flag is indicated in the provided data.

Context

• RSU awards are a common form of executive compensation and do not, by themselves, indicate buying or selling sentiment. The withheld 3,377 shares were used to cover taxes (a cashless-like settlement), reducing the net number of shares the CEO ultimately received.
• For retail investors, note that award grants increase insider holdings on paper but the tax withholding reduces the net shares delivered; this is administrative and routine for compensation events.