Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 57

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 57
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 bonus paid to Mr. Snyman in connection with him joining the Company effective July 3, 2023, of which $127,500 was paid in respect of compensation forfeited from his former employer. (5) Reflects spot bonus paid to Mr. Jonker in connection with his interim role in the Company ending October 7, 2024. (6) Amounts reflect the grant date fair value of RSUs granted in the reported year, determined in accordance with Financial Accounting Standards Board ASC Topic 718 Stock Compensation (“FASB ASC Topic 718”). The grant date fair value of the time-based RSUs is based on the closing market price of the Company’s common stock on the day prior to the grant date multiplied by the number of RSUs granted. The grant date fair value of the performance-based RSUs with an Adjusted ROIC performance metric is based on the closing price of the Company’s common stock on the day prior to the grant date. Grant date fair value for the performance-based RSUs with a TSR performance condition are determined using a Monte-Carlo simulation model. Assuming the performance-based conditions relating to the performance-based RSUs were achieved at the highest levels for (rather than at expected or target levels), the aggregate grant date fair value of awards reflected in this column for 2024 would be higher by the following amounts: Mr. van der Merwe, $537,492; Ms. Weyenberg, $171,521; Mr. Norris, $100,025; Mr. Snyman, $129,997; Mr. Jonker, $12,503; Mr. Harris, $77,281; and Mr. Gilbert, $83,114. For more information regarding annual RSU grants pursuant to our long-term incentive program, see the Compensation Discussion and Analysis section of this proxy statement. (7) Reflects annual incentive award earned based on achievement of pre-established performance goals, as more fully described in the Compensation Discussion and Analysis section of this proxy statement.

TABLE OF CONTENTS 41 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

(8) Amounts included in this column for 2024 include the following:.

| ​ | ​                                    | ​ | ​ | Van der Merwe |   |         |   | ​ | ​ | Weyenberg |   |         |   | ​ | ​ | Norris |   |         |   | ​ | ​ | Snyman |   |        |   |