NORRIS MICHAEL PAUL 4
4 · ASTEC INDUSTRIES INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Astec Industries (ASTE) Group President Michael Norris Receives RSU Award
What Happened
Michael Paul Norris, Group President of Astec Industries (ASTE), received an award of 3,047 restricted stock units (RSUs) on February 20, 2026 (annual grant under the 2025 Equity Incentive Plan). To satisfy tax withholding, 597 shares were withheld/disposed at $57.44 per share, generating proceeds of $34,292. Net new shares added to his holdings from the grant were 2,450 (3,047 granted minus 597 withheld).
Key Details
- Transaction date: 2026-02-20; Form 4 filed 2026-02-24 (timely filing).
- Award: 3,047 RSUs (code A) granted at $0.00 (typical for RSU grants).
- Withholding: 597 shares withheld/disposed (code F) at $57.44, total $34,292, to cover tax obligations.
- Footnotes: F1 — annual RSU grant under the 2025 Equity Incentive Plan; F2 — shares withheld to satisfy applicable tax withholding.
- Shares owned after the transaction: not reported in the provided filing.
Context
This is a routine equity compensation event (RSU grant) and the disposition reflects shares withheld for taxes, not an open-market sale. Such withholding is common for executive equity awards and does not necessarily signal the insider’s view on the company’s stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-20+3,047→ 21,574 total - Tax Payment
Common Stock
[F2]2026-02-20$57.44/sh−597$34,292→ 20,977 total
Footnotes (2)
- [F1]Reported transaction is an annual grant of RSUs under the Company's 2025 Equity Incentive Plan.
- [F2]Shares withheld to satisfy applicable tax withholding obligation.