Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 58

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 58
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         | ​ | ​ | ​ | ​ |         ​ | ​      | ​ | 1,187 | ​                                                         | ​ | ​ | ​       | ​ | 2,373(3)  | ​ | ​ | ​ | ​ | ​ |  4,746 | ​ | ​ | ​ | ​ | ​ | ​         | ​                                                       | ​ | ​ | ​ | ​ |    83,648 | ​                                                 | ​ |   |   |   |

(1) Represents potential threshold, target and maximum payout opportunities for performance in calendar year 2024 under the annual cash incentive plan. (2) Reflects performance-based restricted stock units that generally vest on February 26, 2027 based on the level of achievement of performance goals relating to average return on invested capital, or earlier upon the death, disability or retirement of the executive after reaching age 65, or upon a change in control in which the successor company does not assume or otherwise equitably convert the awards. (3) Reflects performance-based restricted stock units that generally vest on February 26, 2027 based on the level of achievement of performance goals relating to relative total shareholder return, or earlier upon the death, disability or retirement of the executive after reaching age 65, or upon a change in control in which the successor company does not assume or otherwise equitably convert the awards. (4) Reflects time-based restricted stock units that vest in three equal installments on February 26, 2025, 2026 and 2027, or earlier upon the death, disability or retirement of the executive after reaching age 65, or upon a change in control in which the successor company does not assume or otherwise equitably convert the awards.

TABLE OF CONTENTS 43 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

(5) Reflects time-based restricted stock units that vest in equal installments on November 15, 2025, 2026 and 2027, or earlier upon the death, disability or retirement of the executive after reaching age 65, or upon a change in control in which the successor company does not assume or otherwise equitably convert the awards. (6) Reflects the aggregate grant date fair value of the award determined in accordance with FASB ASC Topic 718. Grant date fair value for the time-based restricted stock units is based on the closing market price of the Company’s common stock on the day prior to the grant date