Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 35

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 35
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 retainer as follows:

| ​ | Service Description                                            | ​ | ​ | Amount |   |        |   | ​ |
|:--|:---------------------------------------------------------------|:--|:--|:-------|:--|-------:|:--|:--|
| ​ | Non-Executive Chairman                                         | ​ | ​ | ​      | $ | 90,000 | ​ | ​ |
| ​ | Lead Director (if appointed)                                   | ​ | ​ | ​      | $ | 20,000 | ​ | ​ |
| ​ | Audit Committee Chair                                          | ​ | ​ | ​      | $ | 20,000 | ​ | ​ |
| ​ | Compensation Committee Chair                                   | ​ | ​ | ​      | $ | 15,000 | ​ | ​ |
| ​ | Nominating and Corporate Governance Committee Chair            | ​ | ​ | ​      | $ | 15,000 | ​ | ​ |
| ​ | Audit Committee Non-Chair Member                               | ​ | ​ | ​      | $ | 10,000 | ​ | ​ |
| ​ | Compensation Committee Non-Chair Member                        | ​ | ​ | ​      | $ |  7,500 | ​ | ​ |
| ​ | Nominating and Corporate Governance Committee Non-Chair Member | ​ | ​ | ​      | $ |  7,500 | ​ | ​ |

Non-employee directors may elect to defer the receipt of Common Stock received as payment of the annual retainer or upon conversion of restricted stock units issued as their annual stock award until the earlier of (i) his or her termination of service as a director, or (ii) another designated date at least three years after the date of such deferral election. If any dividends or other rights or distributions of any kind are distributed to shareholders prior to the non-employee director’s receipt of his or her deferred shares, an amount equal to the cash value of such distribution is credited to a deferred dividend account for the non-employee director. The deferred dividend account provides the non-employee director with the right to receive additional shares of Common Stock having a fair market value as of the date of the dividend distribution equal to the cash value of the distributions. Annual Stock Award. Each non-employee director receives a grant of restricted stock units equal in value to $125,000 on the day following each year’s annual shareholder meeting. The restricted stock units vest and convert to shares of Company Common Stock on the day prior to the next Annual Meeting