Benjamin G. Brock has a wealth of experience in the construction equipment industry, being a part of Astec Industries Inc. for over 20 years. He started his career at Astec in sales in 1993 and steadily climbed the ranks, becoming...

Benjamin G. Brock has a wealth of experience in the construction equipment industry, being a part of Astec Industries Inc. for over 20 years. He started his career at Astec in sales in 1993 and steadily climbed the ranks, becoming President of Astec, Inc. in 2006, before taking the role of Chief Executive Officer in 2014. His educational background includes a Bachelor's degree in Business Administration, which laid the groundwork for his expertise in the business sector. Benjamin's tenure as CEO was marked by a significant shift in leadership, as he was part of a succession plan that allowed him to succeed his father, Dr. J. Don Brock, who transitioned to a role as Executive Chairman. This highlights not just a legacy but a strong mentorship that empowered Benjamin to lead the company effectively. After serving until 2019, he stepped down, initiating a new phase for Astec's leadership. Moreover, in 2019, his insider trading showed a notable figure reaching a high of $12.29 million in stock value, indicating his firm investment in the company's future and performance.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Astec Industries CEOs

A

Benjamin G. Brock

Ex-CEO of Astec Industries

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1975 - 50 years ago

CEO of Astec Industries for

5 years 0 months (Jan 2014 - Jan 2019)

Previous Experience

President of Astec, Inc. since 2006 and Group Vice President of the Asphalt Group since August 2012.

Rivals

Competitors/colleagues of Benjamin G. Brock

E

Craig Arnold

CEO of Eaton Corporation

2023 Compensation

Stock

$18.84M

Salary

$1.44M

Bonus

$0.00

Other

$234.61K

Total Holdings

$23.28M

K

Christopher Rossi

CEO of Kennametal

2022 Compensation

Stock

$0.00

Salary

$962.06K

Bonus

$195.84K

Other

$0.00

Total Holdings

$8.08M

Holdings

See how much did Benjamin G. Brock make over time.

In 2019, Benjamin Brock held significant stock in Astec Industries, with a peak insider trading value reaching $12.29 million in January. His holdings fluctuated throughout his tenure, showcasing confidence in the company's performance. Following his resignation, his stock values showed...

In 2019, Benjamin Brock held significant stock in Astec Industries, with a peak insider trading value reaching $12.29 million in January. His holdings fluctuated throughout his tenure, showcasing confidence in the company's performance. Following his resignation, his stock values showed substantial amounts, illustrating an impressive financial commitment to Astec. This indicates that during his leadership, he managed to accumulate wealth primarily through his role in the company, demonstrating alignment with shareholders. His stock values hit highs consistently, with monthly averages over $10 million towards the end of 2020, reflecting the company’s strong position and potential.

Total Stock Sold

$4.73M

ASTE

$4.73M

95,924 ASTE shares

What if they kept their stock?

If Benjamin G. Brock didn't sell their stock, today they would have:
Extra ASTE95,924 shares worth $3.84M.
This is -18.81% and $889.37K less than what they got when they sold the stock.

Charitable Transactions

ASTE

167 shares

ASTE

Recent Charitable Transactions

ASTE

167 shares

ASTE

Aug 5, 2016

Charity

Insider Trading

See recent insider trades of Benjamin G. Brock.

ASTE

$1.23M

ASTE at $54.60/share

May 3, 2018

Sale

ASTE

$1.96M

ASTE at $54.57/share

May 1, 2018

Sale

ASTE

58,439 shares

ASTE

May 1, 2018

Inheritance

ASTE

4,600 shares

ASTE

Feb 28, 2018

Received

ASTE

9,749 shares

ASTE

Feb 28, 2017

Received

ASTE

167 shares

ASTE

Aug 5, 2016

Charity

ASTE

12,645 shares

ASTE

Dec 17, 2015

Inheritance

ASTE

182 shares

ASTE

Jul 31, 2015

Charity

ASTE

$749.92K

ASTE at $43.60/share

Apr 28, 2015

Sale

ASTE

$551.81K

ASTE at $43.11/share

Apr 24, 2015

Sale

Compensation History

See how much did Benjamin G. Brock make over time.

Benjamin G. Brock's compensation as CEO varied significantly over the years. In 2016, he earned a total of $1.07 million, primarily driven by a substantial bonus, demonstrating his alignment with performance metrics set by the company. However, his compensation took a dive in 2018 and 2019, dropping to around $591,017 and $404,334, respectively. This reduction was largely due to unmet performance metrics and the terms of his separation agreement upon resignation. Despite ups and downs, his compensation plan was designed to attract and retain talent, with focus points on company performance goals. The terms during his tenure reflected the cyclical nature of the business, especially in construction-related industries.

Year

2019

Total Compensation

$873.40K

Salary

$28.53K

Board Justification

The compensation program is designed to attract and retain key executives critical to the company's success and shareholder value.

Bonus

$0.00

Board Justification

No annual incentive awards were due to Mr. Brock under the terms of his separation agreement.

Other

$375.81K

Board Justification

Includes severance pay of $250,000 and COBRA benefits reimbursement of $45,496.

Restricted Stock

$469.07K(10.86K RSU)

Board Justification

10,855 restricted stock units vested upon resignation effective January 21, 2019.

Performance Metrics

Performance metrics for the CEO's compensation are based on company performance goals.

Other Astec Industries CEOs

Here are other CEOs of Astec Industries

Dr. J. Don Brock

Founder and Ex-CEO of Astec Industries

January 2000 - January 2014

Barry A. Ruffalo

Ex-CEO of Astec Industries

January 2019 - January 2023