Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 74

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 74
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 determined Adjusted EBITDAto be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our Second PEO and Non-PEO NEOs in 2024. Adjusted EBITDA is a non-GAAP measure, and disclosure as to how it is calculated from our audited financial statements is provided above under the caption “Compensation Discussion and Analysis — Elements of Our Compensation Program — Annual Cash Incentive Compensation.”

TABLE OF CONTENTS 54 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 Relationship Between Compensation Actually Paid and Company and Peer Group Total Shareholder Return (“TSR”) The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s — cumulative TSR over the five most recently completed fiscal years and the Peer Group’s over the same period. PEO and Average Non-PEO NEO Compensation Actually Paid Versus TSR TABLE OF CONTENTS 55 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 Relationship Between Compensation Actually Paid and Net Income The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the five most recently completed fiscal years. PEO and Average Non-PEO NEO Compensation Actually Paid Versus Net Income Relationship Between Compensation Actually Paid and Adjusted EBITDA The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted EBITDA during the five most recently completed fiscal years. PEO and Average Non-PEO NEO Compensation Actually Paid Versus Adjusted EBITDA TABLE OF CONTENTS 56 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025 List of Most Important Financial Performance Measures The following are the financial performance measures that the Company considers the most important in linking Compensation Actually Paid to our PEO and other NEOs for 2024 to Company performance. Adjusted EBITDA
Return on Invested Capital
Relative TSR
Working Capital Turnover

TABLE OF CONTENTS 57 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

Equity Compensation Plan Information The following table provides information about our equity compensation plans as of December 31, 2024 (in thousands,