Terex (NYSE: TEX) insider logs small tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Terex Corporation insider Stephen Johnston reported a very small, routine tax-related share disposition. On the vesting of previously granted restricted stock, 8 shares of Terex common stock were withheld at $58.73 per share to cover tax liabilities, classified as a tax-withholding disposition. After this non-market transaction, Johnston directly holds 17,708 Terex shares, including restricted stock units and shares received as dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JOHNSTON STEPHEN
Role
Former VP CAO and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $.01 par value | 8 | $58.73 | $469.84 |
Holdings After Transaction:
Common Stock, $.01 par value — 17,708 shares (Direct)
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. Ownership includes shares received as a dividend.
FAQ
What insider transaction did TEREX CORP (TEX) report for Stephen Johnston?
Stephen Johnston reported a small tax-withholding disposition of Terex shares. On restricted stock vesting, 8 common shares were withheld at $58.73 each to pay associated tax liabilities, rather than being sold in the open market.
What does transaction code F mean in the TEX Form 4 filing?
Transaction code F in the TEX Form 4 indicates shares used to pay exercise price or taxes. In this case, 8 Terex shares were withheld specifically to satisfy tax liabilities from scheduled vesting of restricted stock, not as a voluntary market sale.