Terex (NYSE: TEX) director receives 1,880 shares as retainer pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Terex Corporation director Maureen O’Connell reported an acquisition of common stock through company compensation. She received 1,880 shares of Common Stock on partial payment of her annual director retainer under the Company’s Deferred Compensation Plan at a price reference of $71.81 per share. Following this grant, she directly holds 18,235 Terex shares, a total that 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
OCONNELL MAUREEN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $ .01 par value | 1,880 | $71.81 | $135K |
Holdings After Transaction:
Common Stock, $ .01 par value — 18,235 shares (Direct, null)
Footnotes (1)
- Represents shares purchased under the Company's Deferred Compensation Plan representing partial payment of annual director retainer. Total includes previously reported restricted stock units. Ownership includes shares received as a dividend.
Key Figures
Shares granted: 1,880 shares
Grant reference price: $71.81 per share
Post-transaction holdings: 18,235 shares
3 metrics
Shares granted
1,880 shares
Director retainer paid in stock under Deferred Compensation Plan
Grant reference price
$71.81 per share
Value used for 1,880-share director award
Post-transaction holdings
18,235 shares
Maureen O’Connell direct holdings after grant, including RSUs and dividends
Key Terms
Deferred Compensation Plan, restricted stock units, annual director retainer
3 terms
Deferred Compensation Plan financial
"Represents shares purchased under the Company's Deferred Compensation Plan representing partial payment of annual director retainer."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
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.
annual director retainer financial
"Represents shares purchased under the Company's Deferred Compensation Plan representing partial payment of annual director retainer."
FAQ
What insider transaction did Terex (TEX) director Maureen O’Connell report?
Maureen O’Connell reported receiving 1,880 shares of Terex common stock. The shares were awarded under the Company’s Deferred Compensation Plan as partial payment of her annual director retainer, rather than an open-market stock purchase.
Was Maureen O’Connell’s Terex (TEX) Form 4 transaction a market buy or compensation grant?
The transaction is a compensation-related grant, not an open-market purchase. The shares were acquired under Terex’s Deferred Compensation Plan as partial payment of Maureen O’Connell’s annual director retainer, according to the filing footnotes.
What role does the Deferred Compensation Plan play in this Terex (TEX) Form 4 filing?
The Deferred Compensation Plan is the mechanism through which 1,880 Terex shares were awarded. It represents partial payment of Maureen O’Connell’s annual director retainer, converting a portion of her board compensation into company stock.