GILBERT EDWARD TERRELL JR 4

What Happened

• Gilbert Edward Terrell Jr., General Counsel & Corporate Secretary of ASTEC Industries (ASTE), was granted/received 19 shares on May 29, 2026. The filing reports the shares at $0.00 each (total reported value $0). The Form 4 classifies this as an award/acquisition (code A) and the filing footnote says these shares represent dividend equivalents earned on prior RSU grant awards.
• This was not a cash purchase or sale — it’s a compensation-related award rather than an open-market trade.

Key Details

• Transaction date: 2026-05-29; reported on Form 4 filed 2026-06-02.
• Amount: 19 shares acquired at $0.00 per share (total reported $0).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — "Represents dividend equivalents earned on the prior RSU grant awards."
• Timeliness: The Form 4 was filed on 2026-06-02, four days after the transaction date; this appears to be outside the standard two-business-day reporting window for Form 4s.

Context

• These shares were issued as dividend equivalents on previously granted RSUs, a common way companies pay dividends to holders of deferred or restricted equity. Such awards reflect compensation mechanics and routine equity plan administration rather than a direct buy or sell decision by the insider.
• For retail investors, awards like this are informational but typically less indicative of insider confidence than purchases of shares with cash.