Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 55

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 55
---
 compensation they received that would have been less had it been calculated based on the restated financial statements. Under the Clawback Policy, the Company may also seek to recover, in the discretion of the Committee, (i) service-based equity awards and (ii) incentive-based or service-based compensation in the event that any executive officer engages in misconduct (as defined in the Clawback Policy and determined by the Committee.

TABLE OF CONTENTS 40 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

EXECUTIVE
COMPENSATION Summary Compensation Table This table provides information regarding compensation paid to or earned by our 2024 named executive officers for each of the years ended December 31, 2024, 2023 and 2022 in which they were also named executive officers.

| ​ | Name and                                                          
 Principal Position                                                | ​ |    ​ | Year |   |      |   | ​ |       ​ | Salary 
 ($)    |   |         |   | ​ | ​ | Bonus 
 ($)   |   |            |   | ​ |         ​ | Stock  
 Awards 
 ($)(6) |   |           |   | ​ |         ​ | Non-Equity     
 Incentive Plan 
 Compensation   
 ($)(7)         |   |         |   | ​ |       ​ | All Other    
 Compensation 
 ($)(8)       |   |         |   | ​ |         ​ | Total 
 ($)   |   |           |   | ​ |
| ​ | Jaco G. van der Merwe,Chief Executive Officer                     | ​ |    ​ | ​    | ​ | 2024 | ​ | ​ |       ​ | ​      | ​ | 779,838 | ​ | ​ | ​ | ​     | ​ | —          | ​ | ​ |         ​ | ​      | ​ | 2,187,089 | ​ | ​ |         ​ | ​              | ​ | 464,848 | ​ | ​ |       ​ | ​            | ​ | 232,313 | ​ | ​ |         ​ | ​     | ​ | 3,664,088 | ​ | ​ |
| ​ | ​                                                                 | ​ | 2023 | ​    | ​ |    ​ | ​ | ​ | 720,548 | ​      | ​ |       ​ | ​ | ​ | — | ​     | ​ | ​          | ​ | ​ | 1,329,805 | ​      | ​