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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $.01 par value | 5,827 | $59.41 | $346K |
| Grant/Award | Common Stock, $.01 par value | 7,659 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 par value | 7,112 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 par value | 7,112 | $0.00 | -- |
Footnotes (1)
- Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock. Total includes previously reported restricted stock units. The shares represent 7,659 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest as follows: 1/3 on March 15, 2027; 1/3 on March 15, 2028; and 1/3 on March 15, 2029, subject to the Reporting Person's continued employment with the Issuer on each such vesting date. The shares represent 7,112 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in the first quarter of 2029 if the Company achieves a targeted return on invested capital ("ROIC") in each of 2026, 2027 and 2028. The number of RSUs in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC. The shares represent 7,112 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in the first quarter of 2029 if the Company achieves a targeted percentile rank against a peer group of companies for three year annualized total shareholder return ("TSR") for the period January 1, 2026 - December 31, 2028. The number of RSUs in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.