Terex (NYSE: TEX) general counsel granted RSUs with tax shares withheld
Rhea-AI Filing Summary
Terex Corp senior vice president and general counsel Scott Posner reported equity compensation and related tax withholding. On March 15, 2026, 5,827 shares of common stock were withheld at $59.41 per share to cover taxes tied to the scheduled vesting of previously granted restricted stock.
On the same date, he received three new restricted stock unit (RSU) awards: 7,659 time-based RSUs that vest in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029, and two performance-based RSU grants of 7,112 units each. One 7,112-unit grant vests in the first quarter of 2029 based on return on invested capital from 2026–2028, and the other 7,112-unit grant vests in the first quarter of 2029 based on relative total shareholder return from January 1, 2026 to December 31, 2028.
After these transactions, Posner directly owned 84,342 shares of Terex common stock, including previously reported RSUs.
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FAQ
What insider transactions did Terex (TEX) executive Scott Posner report?
How many Terex (TEX) shares does Scott Posner hold after this Form 4?
What are the terms of Scott Posner’s time-based RSU grant at Terex (TEX)?
What performance conditions apply to Scott Posner’s ROIC-based RSUs at Terex (TEX)?
How do the TSR-based RSUs for Scott Posner at Terex (TEX) vest?
Was Scott Posner’s share withholding at Terex (TEX) an open-market sale?