In 2023, Jaco van der Merwe earned $1.99M in total compensation at Astec Industries, including $720.55K salary and $1.12M bonus. Most recently acquired 162 shares in Aug 2024. Currently holds stock worth $4.18M. 2+ years at the helm of Astec Industries.
Compensation History
Annual executive compensation data for Jaco van der Merwe, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.99M
Salary
$720.55K
Bonus
$1.12M
Other
$147.40K
Salary
$720.55KBoard Justification
The compensation philosophy aims to attract and retain qualified personnel, link executive compensation to company performance, and encourage achievement of performance goals through a performance-based incentive structure.
Bonus
$1.12MBoard Justification
Annual cash incentive based on performance metrics including Adjusted EBITDA and Working Capital Turnover.
Other Compensation
$147.40KBoard Justification
Includes employer contributions to 401(k) plan, SERP, automobile allowance, and group term life insurance.
Restricted Stock
Board Justification
No stock grants vested in 2023, only stock grants that are not vested are included in the total calculations.
Performance Metrics
Adjusted EBITDA, Working Capital Turnover, and Strategy Execution.
Jaco van der Merwe
CEO of Astec Industries
Education
Bachelor's degree in Engineering
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Industrials
Born
January 1, 1973 - 52 years ago
CEO of Astec Industries for
2 years 11 months (Jan 2023 - Present)
Previous Experience
Group President - Energy at Astec Industries, Inc.
Other Astec Industries CEOs
Holdings
Track Jaco van der Merwe's stock holdings and portfolio value over time.
Insider Trading
Jaco van der Merwe's recent stock transactions, purchases, and sales filed with the SEC.
162 shares
ASTE
Aug 30, 2024
Received
170 shares
ASTE
May 31, 2024
Received
$67.40K
ASTE at $33.70/share
May 16, 2024
Purchase
128 shares
ASTE
Mar 29, 2024
Received
30,523 shares
ASTE
Feb 26, 2024
Received
79 shares
ASTE
Dec 1, 2023
Received
45 shares
ASTE
Aug 31, 2023
Received
64 shares
ASTE
May 30, 2023
Received
64 shares
ASTE
Mar 30, 2023
Received
1,060 shares
ASTE
Mar 16, 2023
Received
Rivals
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