Terex (TEX) Environmental Solutions president gets RSU grants, tax shares withheld
Rhea-AI Filing Summary
Terex Corp executive Patrick S. Carroll reported routine equity compensation and related tax withholding. On the transaction date, 9,219 shares of common stock were withheld to cover taxes tied to the scheduled vesting of previously granted restricted stock. He also received three new awards totaling 18,516 restricted stock units: 6,480 time-based RSUs vesting in thirds each March 15 from 2027 to 2029, plus two 6,018-unit performance RSU grants that can vest in the first quarter of 2029 based on return on invested capital and relative total shareholder return from 2026–2028. Following these awards and withholdings, he directly owns 101,950 shares, including previously reported RSUs.
Positive
- None.
Negative
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Insights
Compensation-related RSU grants and tax withholding, not open-market trading.
Patrick S. Carroll, President of Environmental Solutions at Terex Corp, reported equity activity entirely tied to compensation. He received 18,516 restricted stock units at no purchase price, split between time-based and performance-based awards, aligning incentives with multi-year company results.
The filing also shows 9,219 shares withheld to satisfy tax obligations from vesting stock, a non-market disposition that does not reflect a sell decision. After these changes, he directly holds 101,950 shares, indicating the transactions are routine elements of his long-term compensation structure rather than directional trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $ .01 par value | 9,219 | $59.41 | $548K |
| Grant/Award | Common Stock, $ .01 par value | 6,480 | $0.00 | -- |
| Grant/Award | Common Stock, $ .01 par value | 6,018 | $0.00 | -- |
| Grant/Award | Common Stock, $ .01 par value | 6,018 | $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 6,480 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 6,018 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 6,018 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.
