Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 87

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 87
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 would be eligible to participate in the 2025 Equity Incentive Plan. Permissible Awards. The 2025 Equity Incentive Plan authorizes the granting of awards in any of the following forms: ● market-priced stock options to purchase shares of the Company’s Common Stock (for a term not to exceed 10 years), which may be designated under the Internal Revenue Code as nonstatutory stock options (which may be granted to all participants) or incentive stock options (which may be granted to officers and employees but not to consultants or non-employee directors); ● SARs, which give the holder the right to receive the difference (payable in cash or stock, as specified in the award certificate) between the fair market value per share of the Company’s Common Stock on the date of exercise over the base price of the award (which cannot be less than the fair market value of the underlying stock as of the grant date); ● restricted stock, which is subject to restrictions on transferability and subject to forfeiture on terms set by the Committee; ● stock units, which represent the right to receive shares of Common Stock (or an equivalent value in cash, as specified in the award certificate) at a designated time in the future, subject to any vesting requirements as may be set by the Committee; ● performance awards, which represent any award of the types listed above which have a performance-vesting component based on the achievement, or the level of achievement, of one or more performance goals during a specified performance period, as established by the Committee; and ● other stock-based awards that are denominated in, or valued by reference to, shares of the Company’s Common Stock. Shares Available for Awards. Subject to adjustment in the event of stock splits and similar events, as of the Effective Date, the aggregate number of shares of Common Stock reserved and available for issuance pursuant to awards granted under the 2025 Equity Incentive Plan is 1,309,500, less one share for every one share subject to an award granted under the Prior Plan after March 1, 2025 and prior to the Effective Date, plus a number of additional shares underlying awards outstanding as of the Effective Date under the Prior Plan that thereafter terminate or expire unexercised, or are cancelled, forfeited or lapse for any reason. If the Company’s shareholders approve the 2025 Equity Incentive Plan, all future equity awards will be made from the 2025 Equity Incentive Plan. No further awards may be granted under the Prior Plan