Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 71

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 71
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we, or 24 months in the case of the other executive officers. (5) Reflects the value (based upon the fair market value of Company common stock on December 31, 2024) of unvested RSUs and PSUs that vest upon the designated event. The amounts shown in the table above do not include payments and benefits to the extent they are provided on a non-discriminatory basis to salaried employees generally upon termination of employment including accrued salary, vacation pay, regular pension benefits, welfare benefits and 401(k) and nonqualified deferred compensation distributions. Amounts that would be distributed pursuant to our SERP for retirement eligible executives are indicated in the Nonqualified Deferred Compensation Plan table above. Ratio of Chief Executive Officer to Median Employee Compensation in 2024 The CEO pay ratio figures below are a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K under the Exchange Act. To determine our median employee pay, we considered all employees of the Company and its consolidated subsidiaries as of December 31, 2024. We chose actual year-to-date total gross pay (which included base pay, commissions, overtime payments, bonuses, stock incentive award vesting during the year) as our consistently applied compensation measure utilized in the determination. We did not annualize compensation for employees who commenced work during 2024. Using this methodology, we identified the median employee and then determined the median employee’s total annual compensation in accordance with the rules that apply to named executive officers in the Summary Compensation Table. The total annual compensation of our median employee was $69,181. The total annual compensation of our CEO was $3,664,088. Accordingly, the ratio of CEO pay to median employee pay was 53:1. TABLE OF CONTENTS 50 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 COMPENSATION COMMITTEE REPORT The Compensation Committee of the Company has reviewed and discussed the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K with management and, based on such review and discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in this proxy statement. COMPENSATION COMMITTEE Linda I. Knoll, Chair
Tracey H. Cook
Mark J. Gliebe
Jeffrey T. Jackson This Report of the Compensation Committee shall not be deemed to be incorporated by