Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 88

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 88
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 after the Effective Date. Share Counting. Shares of Common Stock reserved and available for issuance pursuant to awards granted under the 2025 Equity Incentive Plan shall be counted against the 2025 Equity Incentive Plan reserve as follows: ● To the extent that all or a portion of an award (or, after March 1, 2025, an award granted under the Prior Plan) is canceled, terminates, expires, is forfeited or lapses for any reason (including by reason of failure to meet time-based and/or performance-based vesting requirements), any unissued or forfeited shares originally subject to the award (or, after March 1, 2025, an award granted under the Prior Plan) will be added back to the 2025 Equity Incentive Plan share reserve and again be available for issuance pursuant to awards granted under the 2025 Equity Incentive Plan; ● Shares subject to awards (or, after March 1, 2025, awards granted under the Prior Plan) settled in cash will be added back to the 2025 Equity Incentive Plan share reserve and again be available for issuance pursuant to awards granted under the 2025 Equity Incentive Plan; ● Shares withheld or repurchased from an award other than a stock option or SAR (or, after March 1, 2025, an award other than a stock option or SAR granted under the Prior Plan) or delivered by a participant (by either actual delivery or attestation) to satisfy tax withholding requirements will be added back to the 2025 Equity Incentive Plan share reserve and again be available for issuance pursuant to awards granted under the 2025 Equity Incentive Plan; ● Shares withheld or repurchased from a stock option or a SAR or delivered by a participant (by either actual delivery or attestation) to satisfy tax withholding requirements will not be added back to the 2025 Equity Incentive Plan share reserve for issuance pursuant to awards granted under the 2025 Equity Incentive Plan; ● The full number of shares subject to a stock option shall count against the number of shares remaining available for issuance pursuant to awards granted under the 2025 Equity Incentive Plan, even if the exercise price of a stock option is satisfied through net-settlement or by delivering shares to the Company (by either actual delivery or attestation); and TABLE OF CONTENTS 66 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 ● The full number of shares subject