Terex (TEX) VP and CAO Joseph LaDue granted time- and performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LaDue Joseph reported acquisition or exercise transactions in this Form 4 filing.
Terex Corp VP, CAO and Controller Joseph LaDue received stock-based compensation awards. On March 15, 2026, he was granted 1,755 restricted stock units (RSUs) that vest in three equal installments on March 15 of 2027, 2028, and 2029, contingent on continued employment. He was also granted 585 performance-based RSUs that may vest in the first quarter of 2029 if Terex achieves a targeted return on invested capital in each of 2026, 2027, and 2028, with the final number of units adjustable based on performance. Following these awards, he directly holds 20,516 shares and RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LaDue Joseph
Role
VP CAO AND CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $ .01 par value | 1,755 | $0.00 | -- |
| Grant/Award | Common Stock, $ .01 par value | 585 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $ .01 par value — 19,931 shares (Direct)
Footnotes (1)
- The shares represent 1,755 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. Total includes previously reported restricted stock units. The shares represent 585 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.
FAQ
What stock awards did Terex (TEX) executive Joseph LaDue receive?
Joseph LaDue received two grants: 1,755 restricted stock units and 585 performance-based RSUs. Both were issued as stock-based compensation under Terex long-term incentive plans with multi-year vesting conditions tied to service and, for one grant, financial performance.
When do Joseph LaDue’s new Terex (TEX) RSUs vest?
The 1,755 RSUs vest in three equal parts on March 15, 2027, March 15, 2028, and March 15, 2029. The 585 performance-based RSUs may vest in the first quarter of 2029, subject to meeting specified return on invested capital targets.
What performance conditions apply to Joseph LaDue’s 585 Terex (TEX) RSUs?
The 585 RSUs vest only if Terex achieves a targeted return on invested capital in each of 2026, 2027, and 2028. The number of units ultimately earned can increase or decrease depending on performance relative to the specified ROIC target levels.
Are Joseph LaDue’s new Terex (TEX) RSUs immediately payable in stock?
No, the RSUs represent contingent rights to receive Terex common shares in the future. The 1,755 units require continued employment through scheduled vesting dates, while the 585 units also depend on achieving specified return on invested capital performance targets before shares are delivered.