Terex SVP reports 43,073 RSUs on Form 3
TEREX CORP reported the initial equity position of SVP Chief AI & Data Officer Namita Jindal on a Form 3.
Rhea-AI Filing Summary
TEREX CORP reported the initial equity position of SVP Chief AI & Data Officer Namita Jindal on a Form 3. She holds 43,073 restricted stock units (RSUs) granted under long-term incentive plans, each representing a right to receive one share of common stock if vesting conditions are met.
Time-based RSUs vest in tranches of 7,625 units on each of 1/30/2027, 1/30/2028 and 1/30/2029, and 2,356 units on each of 3/15/2027, 3/15/2028 and 3/15/2029, subject to continued employment. Additional 6,565 RSUs vest in Q1 2029 based on a targeted return on invested capital for 2026–2028, and another 6,565 RSUs vest in Q1 2029 based on relative total shareholder return for 1/1/2026–12/31/2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jindal Namita
Role
SVP CHIEF AI & DATA OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, $ .01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $ .01 par value — 43,073 shares (Direct)
Footnotes (1)
- F1. The shares include 43,073 restricted stock units (RSUs) issued by Issuer pursuant to long-term incentive plans. Each RSU represents a contingent right to receive 1 share of the Issuer's common stock. 7,625 RSUs will vest on each of 1/30/2027, 1/30/2028 and 1/30/2029, and 2,356 RSUs will vest on each of 3/15/2027, 3/15/2028 and 3/15/2029, subject to the Reporting Person's continued employment with the Issuer on such dates. 6,565 RSUs will vest in the 1st quarter of 2029 if the Company achieves a targeted return on invested capital (ROIC) in each of 2026, 2027 and 2028, subject to adjustment, up or down, based upon attainment above or below the targeted ROIC. 6,565 RSUs will vest in the 1st quarter of 2029 if the Company achieves a targeted percentile rank against a peer group of companies for 3 year annualized total shareholder return (TSR) for the period 1/1/2026 - 12/31/2028, subject to adjustment, up or down, based upon attainment above or below the target.
Key Figures
Total RSUs held: 43,073 RSUs
Time-based RSUs (7,625 each year): 7,625 RSUs
Time-based RSUs (2,356 each year): 2,356 RSUs
+2 more
5 metrics
Total RSUs held
43,073 RSUs
Initial equity position reported on Form 3
Time-based RSUs (7,625 each year)
7,625 RSUs
Vest on 1/30/2027, 1/30/2028, 1/30/2029, subject to employment
Time-based RSUs (2,356 each year)
2,356 RSUs
Vest on 3/15/2027, 3/15/2028, 3/15/2029, subject to employment
ROIC-based RSUs
6,565 RSUs
Vest in Q1 2029 based on ROIC for 2026–2028
TSR-based RSUs
6,565 RSUs
Vest in Q1 2029 based on relative TSR for 1/1/2026–12/31/2028
Key Terms
restricted stock units (RSUs), long-term incentive plans, return on invested capital (ROIC), total shareholder return (TSR)
4 terms
restricted stock units (RSUs) financial
"The shares include 43,073 restricted stock units (RSUs) issued by Issuer pursuant to long-term incentive plans."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
long-term incentive plans financial
"The shares include 43,073 restricted stock units (RSUs) issued by Issuer pursuant to long-term incentive plans."
Long-term incentive plans are multi-year pay programs that reward executives and key employees with stock, options, or cash bonuses when the company hits future performance goals. Think of it like paying someone with a portion of the business or future bonuses to keep them focused on growing the company over several years. Investors watch these plans because they influence executive decisions, potential share dilution, and whether management’s goals line up with long-term shareholder value.
return on invested capital (ROIC) financial
"will vest in the 1st quarter of 2029 if the Company achieves a targeted return on invested capital (ROIC) in each of 2026, 2027 and 2028"
Return on invested capital (ROIC) measures how much profit a company generates from the money put into its business, including debt and equity. Think of it like the harvest you get from seeds you planted: higher ROIC means the company uses its resources more efficiently to grow earnings. Investors care because ROIC shows whether a business is creating value above its cost of financing and helps compare operational effectiveness across companies.
FAQ
What does the TEX Form 3 filing report for Namita Jindal?
The Form 3 reports that SVP Chief AI & Data Officer Namita Jindal holds 43,073 restricted stock units in Terex. These RSUs are part of long-term incentive plans and will convert into common shares only if time-based and performance-based vesting conditions are satisfied.
How many Terex (TEX) RSUs held by Namita Jindal are time-based?
A total of 29,272 RSUs are subject to time-based vesting for Namita Jindal. 7,625 RSUs vest on each of 1/30/2027, 1/30/2028 and 1/30/2029, and 2,356 RSUs vest on each of 3/15/2027, 3/15/2028 and 3/15/2029, contingent on continued employment.
What performance conditions affect Namita Jindal’s TEX RSUs?
Two tranches of 6,565 RSUs each vest in Q1 2029 based on performance. One depends on Terex achieving targeted return on invested capital in 2026–2028, and the other on achieving a targeted percentile rank for three-year annualized total shareholder return versus a peer group.
Does the TEX Form 3 show any insider buying or selling by Namita Jindal?
The Form 3 does not show any open-market buying or selling by Namita Jindal. It primarily discloses an initial holding of 43,073 restricted stock units granted under long-term incentive plans, with detailed time-based and performance-based vesting schedules rather than recent trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
