NORRIS MICHAEL PAUL 4

What Happened
Michael Paul Norris, Group President of Astec Industries (ASTE), had restricted stock units (RSUs) vest and received 4,245 shares (two awards of 1,784 and 2,461 shares) on Feb 27, 2026. To satisfy tax withholding, 2,923 shares were withheld/disposed across transactions on Feb 26–27 at prices of $61.31 and $62.34, producing approximately $181,381 in proceeds. The vested shares were recorded at $0.00 per share (typical for RSU vesting). Net new shares retained by Norris from this event were 1,322 shares (4,245 vested − 2,923 withheld).

Key Details

• Transaction dates: Feb 26, 2026 (815 shares withheld @ $61.31) and Feb 27, 2026 (521, 667, 920 shares withheld @ $62.34); RSU vesting recorded Feb 27, 2026 (1,784 and 2,461 shares acquired at $0.00).
• Withholding proceeds (disposals) total ≈ $181,381 (49,968 + 32,479 + 41,581 + 57,353).
• Shares acquired on vesting: 4,245 shares; shares withheld to cover taxes: 2,923 shares; net increase: 1,322 shares.
• Footnotes: F1 = shares withheld to satisfy tax withholding; F3 = shares acquired pursuant to vesting of stock awards; F2 = filing updates total share balance to reflect dividend equivalents on the 2025 RSU award.
• Filing: Report filed 2026-03-02 covering period 2026-02-26; the filing does not indicate a late-report flag.

Context
This was a standard RSU vesting with net settlement (shares withheld to cover taxes), not an open-market sale or option exercise. Such withholding is routine and reflects tax obligations rather than an active decision to sell for investment reasons. The filing documents the mechanics (vesting + withholding) and updates the company balance to reflect dividend equivalents, but does not itself reveal Norris’s broader trading intent.