Merwe Jaco van der 4

What Happened

• Jaco van der Merwe, CEO of Astec Industries (ASTE), had stock awards vest on Feb 27, 2026 totaling 15,722 shares valued at $980,110 (two awards at $62.34/share). To satisfy tax withholding, 12,284 of those shares were withheld/disposed across Feb 26–27 for proceeds of $761,600 (at $61.31 and $62.34). Net shares retained after withholding: 3,438 shares.
• These transactions were award vesting (code A) with shares withheld for taxes (code F); this is routine tax withholding around a vesting event, not an open-market sale or purchase.

Key Details

• Transaction dates and prices:
  • Feb 26, 2026: 4,063 shares withheld at $61.31 (proceeds $249,103).
  • Feb 27, 2026: 3,587 + 2,601 + 2,033 shares withheld at $62.34 (total proceeds $612,497).
  • Feb 27, 2026: Awards vested of 6,608 shares and 9,114 shares at $62.34 (total value $980,110).
• Total vested: 15,722 shares ($980,110). Total withheld/disposed: 12,284 shares ($761,600). Net retained: 3,438 shares.
• Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = shares acquired pursuant to vesting of company stock awards.
• Filing date: Mar 2, 2026 (filing appears timely given the Feb 26–27 transaction dates).

Context

• This was a vesting of stock awards with shares withheld to cover taxes (a common, administrative transaction). It is not a market purchase signal; purchases are typically more bullish indicators. The filing does not indicate any 10% owner status, and the report does not state post-transaction total beneficial ownership.