GILBERT EDWARD TERRELL JR 4

What Happened
Edward Terrell Jr., General Counsel & Corporate Secretary of Astec Industries, reported a disposal of 501 shares on 2026-02-26. The shares were reported as withheld to satisfy tax withholding obligations in connection with an option exercise — 501 shares at $61.31 per share, totaling $30,716. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-02-26; reported on Form 4 filed 2026-03-02 (timely filing).
• Price: $61.31 per share; total value of withheld shares: $30,716.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — shares were withheld to satisfy applicable tax withholding obligation (cashless/tax-withholding treatment).
• Transaction code: F (payment of exercise price or tax liability).

Context
When insiders exercise stock options they often have shares withheld to cover taxes rather than selling shares on the open market. Such withholding reduces the insider’s net holdings but is a routine administrative step and not necessarily a signal about company prospects. This report appears to be a routine tax-withholding related to an option exercise and was filed within the required timeframe.