Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 34

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 34
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 ​            | ​ |  91,875 | ​ | ​ | ​ | ​      | ​ | 125,000 | ​ | ​ | ​ | ​     | ​ | 216,875 | ​ | ​ |
| ​ | Patrick S. Shannon(5)  | ​ | ​ | ​            | ​ |  58,750 | ​ | ​ | ​ | ​      | ​ | 125,000 | ​ | ​ | ​ | ​     | ​ | 183,750 | ​ | ​ |
| ​ | James Winford          | ​ | ​ | ​            | ​ |  80,625 | ​ | ​ | ​ | ​      | ​ | 125,000 | ​ | ​ | ​ | ​     | ​ | 205,625 | ​ | ​ |
| ​ | William B. Southern(6) | ​ | ​ | ​            | ​ |  30,000 | ​ | ​ | ​ | ​      | ​ |       0 | ​ | ​ | ​ | ​     | ​ |  30,000 | ​ | ​ |

(1) Mr. van der Merwe served as a director of the Company during the entire calendar year 2024 but is not included in this section because he received no compensation for serving as a director. (2) Reflects annual retainers and supplemental annual retainers earned under the Company’s non-employee directors compensation plan and paid in cash, as described below. (3) Reflects the grant date fair value of restricted stock units granted as payment of each director’s annual stock award. The fair value of restricted stock units was determined by reference to the closing market price of the underlying shares on the day prior to grant date and in accordance with FASB ASC Topic 718. (4) Mr. Baker retired as director of the Company effective as of April 7, 2024. (5) Mr. Shannon and Mr. Jackson were elected to serve as a director of the Company effective as of January 18, 2024. (6) Mr. Southern retired as director of the Company effective as of January 18, 2024.

TABLE OF CONTENTS 27 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

The following table shows the aggregate number of unvested restricted stock units and deferred stock awards held by each non-employee director serving as of December 31, 2024:

| ​ | Director