Terex Aerials president receives new RSU awards
Terex Corporation executive Joshua Gross, President - Aerials, reported equity compensation and related tax withholding.
Rhea-AI Filing Summary
Terex Corporation executive Joshua Gross, President - Aerials, reported equity compensation and related tax withholding. On March 15, 2026, the company granted him three awards totaling 17,674 restricted stock units (RSUs): 6,186 time-based RSUs vesting in equal thirds on March 15, 2027, 2028, and 2029, and two separate 5,744-unit RSU grants that vest in the first quarter of 2029 if specified return on invested capital and total shareholder return performance targets are achieved. On the same date, 1,891 shares of common stock were withheld to cover tax liabilities from the scheduled vesting of previously granted restricted stock. Following these transactions, he directly holds 54,520 shares of Terex common stock, $0.01 par value.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $ .01 par value | 1,891 | $59.41 | $112K |
| Grant/Award | Common Stock, $ .01 par value | 6,186 | $0.00 | $0.00 |
| Grant/Award | Common Stock, $ .01 par value | 5,744 | $0.00 | $0.00 |
| Grant/Award | Common Stock, $ .01 par value | 5,744 | $0.00 | $0.00 |
Footnotes (5)
- F1. Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock.
- F2. Total includes previously reported restricted stock units.
- F3. 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.
- F4. 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.
- F5. 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.
FAQ
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