SNYMAN BAREND 4
4 · ASTEC INDUSTRIES INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
ASTEC (ASTE) Group President Barend Snyman Receives RSU Award
What Happened
Barend Snyman, Group President of Astec Industries (ASTE), received an annual grant of 3,656 restricted stock units (RSUs) on 2026-02-20 (grant value shown as $0 in the filing). To satisfy tax withholding on that award, 648 existing shares were withheld/sold at $57.44 per share, generating proceeds of $37,221. The RSUs are an award (acquisition) rather than an open-market purchase; the withheld shares reflect tax withholding, not a discretionary sale signal.
Key Details
- Transaction date: 2026-02-20; filing date: 2026-02-24 (filed within the required reporting window).
- Award: 3,656 RSUs (code A) — granted under the company’s 2025 Equity Incentive Plan (footnote F2).
- Withholding: 648 shares withheld/sold at $57.44 each for tax withholding, proceeds $37,221 (code F; footnote F1).
- Shares owned after transaction: not specified in this filing.
- Filing timeliness: filed Feb 24 for a Feb 20 transaction — not late under the 2-business-day Form 4 rule.
Context
RSU grants are common annual compensation and reflect an acquisition of units that typically convert to shares subject to vesting and plan terms. The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate intent to reduce or increase exposure to company stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-20$57.44/sh−648$37,221→ 14,950 total - Award
Common Stock
[F2]2026-02-20+3,656→ 18,606 total
Footnotes (2)
- [F1]Shares withheld to satisfy tax withholding obligation.
- [F2]Reported transaction is an annual grant of RSUs under the Company's 2025 Equity Incentive Plan.