Company: ASTE
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023778
Chunk: 73

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 73
---
 light of Company or individual performance. In particular, our Committee has not used CAP as a basis for making compensation decisions, nor does it use GAAP Net Income or Peer Group TSR for purposes of determining incentive compensation. Please refer to our Compensation Discussion and Analysis for a discussion of our executive compensation program objectives and the ways in which we align executive compensation pay with performance. Our Most Important Metrics Used for Linking Pay and Performance. As required by Item 402(v), below are the most important metrics our Committee used to link executive pay to performance for 2024. Our stock price performance, as reflected by our absolute TSR, directly impacts the value of the equity compensation awards we grant to executive officers. Each of the other metrics below are used for purposes of determining payouts under either our annual executive cash incentive program or our executive long-term incentive program. ● Adjusted EBITDA ● Relative TSR compared to a custom comparator group ● Adjusted ROIC Adjusted EBITDA is believed to correlate strongly with shareholder returns. Accordingly, Adjusted EBITDA is the Company-selected measure included in the table and graphs that follow.

TABLE OF CONTENTS 52 Astec Industries, Inc. | Notice of Annual Meeting and Proxy Statement 2025

Pay Versus Performance Table In accordance with Item 402(v), we provide below the tabular disclosure for the Company’s President and Chief Executive Officers (our Principal Executive Officers (“PEO”)) and the average of our NEOs other than the PEO for 2024, 2023, 2022 and 2021. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.

| ​ | Year(a) | ​ | ​ | SummaryCompensationTable Totalfor FirstPEO(1)($)(b) |   |           |       | ​ | ​ | SummaryCompensationTable Totalfor SecondPEO(1)($)(b) |   |           |   | ​ | ​ | CompensationActually Paidto FirstPEO(1)(2)(3)($)(c) |   |           |   | ​ | ​ | CompensationActually Paidto SecondPEO(1)(2)(3)($)”(c) |   |           |   | ​ | ​ | AverageSummaryCompensationTable Total forNon-PEONEOs(1)($)(d) |   |           |   | ​ | ​ | AverageCompensationActually Paidto Non-PEONEOs(1)(2)(3)