Srinivasan Reuben 4
4 · ASTEC INDUSTRIES INC · Filed Jul 21, 2021
Insider Transaction Report
Form 4
Srinivasan Reuben
SVP and CHRO
Transactions
- Award
Phantom Stock
2021-07-19+128.15→ 508.51 total→ Common Stock (128.15 underlying)
Footnotes (3)
- [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 Astec dividends in Astec stock held in the SERP.