Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 83

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 83
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 Stock options and SARs may not be granted with exercise prices lower than the fair market value of the underlying shares on the grant date. ● Prohibition on Repricing and Cash Buyouts . The exercise price of a stock option or SAR may not be reduced, directly or indirectly, without the prior approval of shareholders, including a cancellation or repurchase of “underwater” awards in exchange for cash or other awards. ● Minimum Vesting Requirements . Subject to certain limited exceptions, awards granted under the 2025 Equity Incentive Plan will be subject to a minimum vesting period of one year. ● No Liberal Share Recycling on Stock Options or SARs . Shares retained by or delivered to the Company to pay the exercise price of a stock option or SAR, or to satisfy tax withholding obligations in connection with the exercise or settlement of such awards count against the number of shares remaining available under the 2025 Equity Incentive Plan. ● No Dividends or Dividend Equivalents on Unearned Awards . The 2025 Equity Incentive Plan prohibits the current payment of dividends or dividend equivalent rights on unearned awards. ● No Single-Trigger Change in Control Vesting . If awards granted under the 2025 Equity Incentive Plan are assumed by the successor entity in connection with a change in control of the Company, such awards will not automatically vest and pay out upon the change in control. ● Awards Subject to Clawback Policy . Time-based and performance-based Awards under the 2025 Equity Incentive Plan are subject to the Company’s compensation recoupment policies. ● No Tax Gross-Ups . The 2025 Equity Incentive Plan does not provide for any tax gross-ups.

TABLE OF CONTENTS 64 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

Key Data Relating to Outstanding Equity Awards and Shares Available The following table includes information regarding outstanding equity awards and shares available for future awards as of March 1, 2025 (and without giving effect to approval of the 2025 Equity Incentive Plan under this Proposal):

| ​ | ​                                                                                             | ​ | ​ | Prior Plan(1) |   |            |   | ​ |
| ​ | Total shares underlying outstanding stock options and SARs                                    | ​ | ​ | ​             | ​ |          0 | ​ | ​ |
| ​ | Total shares underlying outstanding unvested and vested/deferred time-based full value awards | ​ | ​ | ​             | ​ |