Terex (NYSE: TEX) awards 3,760 shares to board member
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Steele Kathleen M. reported acquisition or exercise transactions in this Form 4 filing.
Terex Corporation director Kathleen M. Steele received a grant of 3,760 shares of common stock. The shares were granted at $71.81 per share under one of the company’s long-term incentive plans as payment of her annual director retainer. After this award, she directly holds 16,287 Terex shares, a figure that the disclosure notes includes previously reported restricted stock units and shares received as dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steele Kathleen M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $ .01 par value | 3,760 | $71.81 | $270K |
Holdings After Transaction:
Common Stock, $ .01 par value — 16,287 shares (Direct, null)
Footnotes (1)
- Shares granted pursuant to one of the Company's long-term incentive plans representing payment of annual director retainer. Total includes previously reported restricted stock units. Ownership includes shares received as a dividend.
Key Figures
Shares granted: 3,760 shares
Grant price per share: $71.81 per share
Total shares after transaction: 16,287 shares
+2 more
5 metrics
Shares granted
3,760 shares
Director stock grant for annual retainer
Grant price per share
$71.81 per share
Value used for the June 26, 2026 grant
Total shares after transaction
16,287 shares
Direct holdings following the reported grant
Transaction code
A (grant, award, or other acquisition)
Indicates compensation-related share acquisition
Transaction direction
acquire
Classification from Form 4 data
Key Terms
long-term incentive plans, annual director retainer, restricted stock units
3 terms
long-term incentive plans financial
"Shares granted pursuant to one of the Company's 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.
annual director retainer financial
"representing payment of annual director retainer"
restricted stock units financial
"Total includes previously reported restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What did Terex (TEX) director Kathleen M. Steele report on this Form 4?
Kathleen M. Steele reported receiving 3,760 Terex common shares. The shares were granted as part of her annual director retainer under a company long-term incentive plan, increasing her direct holdings to 16,287 shares after the transaction.
Was the Terex (TEX) Form 4 transaction an open-market stock purchase or sale?
The transaction was not an open-market trade; it was a grant. Steele received 3,760 shares as a grant or award, categorized as compensation under a long-term incentive plan, rather than buying or selling shares in the market.
Is the Terex (TEX) Form 4 transaction for Kathleen M. Steele part of a long-term incentive plan?
Yes, the shares were granted under one of Terex’s long-term incentive plans. The footnotes state the grant represents payment of her annual director retainer, indicating it is routine director compensation rather than a discretionary market transaction.