STOCK TITAN

Terex (NYSE: TEX) executive reports RSU grants and 9,785-share tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Terex Corporation executive Kieran Hegarty reported routine equity compensation and related tax withholding. On March 15, 2026, 9,785 shares of common stock were withheld at $59.41 per share to cover taxes from the scheduled vesting of previously granted restricted stock.

On the same date, Hegarty received three new grants totaling 17,674 restricted stock units (RSUs). One grant of 6,186 RSUs will vest in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029, contingent on continued employment. Two grants of 5,744 RSUs each will vest in the first quarter of 2029, subject to Terex achieving specified return on invested capital and total shareholder return performance targets for 2026–2028.

Following these transactions, Hegarty directly owns 178,826 shares of Terex common stock, which includes previously reported restricted stock units.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hegarty Kieran

(Last) (First) (Middle)
C/O TEREX CORPORATION
301 MERRITT 7

(Street)
NORWALK CT 06851

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TEREX CORP [ TEX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Materials Processin
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 03/15/2026 F 9,785(1) D $59.41 161,152(2) D
Common Stock, par value $.01 03/15/2026 A 6,186(3) A $0 167,338(2) D
Common Stock, par value $.01 03/15/2026 A 5,744(4) A $0 173,082(2) D
Common Stock, par value $.01 03/15/2026 A 5,744(5) A $0 178,826(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock.
2. Total includes previously reported restricted stock units.
3. The shares represent 6,186 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.
4. The shares represent 5,744 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.
5. The shares represent 5,744 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.
Remarks:
/s/Scott J. Posner, power of attorney 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Terex (TEX) executive Kieran Hegarty report in this Form 4?

Kieran Hegarty reported routine equity compensation changes and tax withholding. Terex withheld 9,785 shares to cover taxes on vesting stock and granted 17,674 new restricted stock units with time-based and performance-based vesting through 2029.

How many Terex (TEX) shares were withheld for Kieran Hegarty’s taxes?

Terex withheld 9,785 common shares at $59.41 per share for Kieran Hegarty’s tax liability. The withholding relates to the scheduled vesting of previously granted restricted stock, not an open-market sale or discretionary disposition of shares.

What new RSU awards did Kieran Hegarty receive from Terex (TEX)?

Hegarty received 17,674 new restricted stock units. One 6,186-unit grant vests in thirds from 2027 to 2029, while two 5,744-unit grants vest in early 2029 if Terex meets multi-year return on invested capital and total shareholder return performance targets.

Are Kieran Hegarty’s new Terex (TEX) RSUs time-based or performance-based?

Hegarty’s awards include both types. The 6,186-unit grant is time-based, vesting annually from 2027–2029. The two 5,744-unit grants are performance-based, vesting in 2029 only if Terex meets specified ROIC and total shareholder return goals for 2026–2028.

How many Terex (TEX) shares does Kieran Hegarty own after these transactions?

After these March 15, 2026 transactions, Hegarty directly owns 178,826 Terex common shares. This figure includes previously reported restricted stock units, reflecting his total direct equity position reported in this Form 4 filing.

Do these Terex (TEX) Form 4 transactions indicate open-market buying or selling?

No open-market trades are reported. The filing shows tax-withholding of 9,785 shares from vesting stock and grants of 17,674 restricted stock units. These are compensation and tax events rather than discretionary market purchases or sales of Terex shares.
Terex Corp

NYSE:TEX

View TEX Stock Overview

TEX Rankings

TEX Latest News

TEX Latest SEC Filings

TEX Stock Data

6.58B
111.89M
Farm & Heavy Construction Machinery
Industrial Trucks, Tractors, Trailers & Stackers
Link
United States
NORWALK