Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 51

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 51
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 the sale of assets, transaction costs representing acquisition and integration related costs and other items of income expense, gain or loss, after tax and divided by average invested capital. Linear interpolation applies between these performance levels. ● Total shareholder return (TSR) relative to a custom comparator accounts for the remaining 50% PSU award value. This metric has been used as a performance measure for PSU awards since 2016 and measures our stock price performance relative to a custom TSR comparator group. PSUs may be earned between 0% and 200% of the target number of shares granted based on our TSR relative to our TSR peer group, as follows: 200% of the target award is earned if our TSR is at or above the comparator group 75th percentile; 100% of the target award is earned if our TSR is at the comparator group 50th percentile; 50% of the target award is earned if our TSR is at the comparator group 25th percentile; and 0% of the target award is earned if our TSR is below the 25th percentile. Linear interpolation applies between these performance levels.

The Committee approved awards of RSUs and PSUs for each named executive officer with the intended target grant values and the number of RSUs and PSUs granted to each named executive officer being as follows:

| ​ | ​                 | ​ | ​ | Time-Based RSUs |   |           |   |   |   |         |   |        |   | ​ | ​ | PSUs — Adjusted ROIC |   |         |   |   |   |             |   |        |   | ​ | ​ | PSUs — TSR |   |         |   |   |   |             |   |        |   | ​ |
| ​ | ​                 | ​ | ​ | Targeted        
 Award           
 Value ($)       |   |           |   | ​ | ​ | Awards  
 Granted |   |        |   | ​ | ​ | Targeted             
 Award                
 Value ($)            |   |         |   | ​ | ​ | Awards      
 Granted     
 (at target) |   |        |   | ​ | ​ | Targeted   
 Award      
 Value ($)  |   |         |   | ​ | ​ | Awards      
 Granted     
 (at target) |   |        |   | ​ |
| ​ | Mr. van der Merwe | ​ | ​ | ​               | ​ | 1,075,000 | ​ | ​