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Terex (NYSE: TEX) CFO logs grant, forfeiture and tax-withheld shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Terex Corp Senior Vice President and CFO Jennifer Kong-Picarello reported several equity adjustments in Terex common stock. On February 27, 2026, she received a grant of 20 shares tied to performance awards and forfeited 79 shares under 2025 performance award terms. On March 2, 2026, 2,943 shares were withheld to cover taxes on vesting restricted stock. After these transactions, she directly holds 62,376 shares, and the total includes previously reported restricted stock units.

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Insider KONG-PICARELLO JENNIFER
Role Senior Vice President, CFO
Type Security Shares Price Value
Tax Withholding Common Stock, $ .01 par value 2,943 $68.79 $202K
Disposition Common Stock, $ .01 par value 79 $0.00 --
Grant/Award Common Stock, $ .01 par value 20 $0.00 --
Holdings After Transaction: Common Stock, $ .01 par value — 62,376 shares (Direct)
Footnotes (1)
  1. Reflects shares of restricted stock forfeited by Ms. Kong-Picarello pursuant to the terms of performance awards granted in 2025. Total includes previously reported restricted stock units. Performance shares awarded pursuant to the terms of performance based awards granted in 2025 resulting from the Company's exceeding performance targets set out in such grant for the period ended December 31, 2025. Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock.
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Form 4 Insider Transactions: What Each Field Means →
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*
KONG-PICARELLO JENNIFER
(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)
Senior Vice President, CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
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, $ .01 par value 02/27/2026 D 79(1) D $0 65,299(2) D
Common Stock, $ .01 par value 02/27/2026 A 20(3) A $0 65,319(2) D
Common Stock, $ .01 par value 03/02/2026 F 2,943(4) D $68.79 62,376(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. Reflects shares of restricted stock forfeited by Ms. Kong-Picarello pursuant to the terms of performance awards granted in 2025.
2. Total includes previously reported restricted stock units.
3. Performance shares awarded pursuant to the terms of performance based awards granted in 2025 resulting from the Company's exceeding performance targets set out in such grant for the period ended December 31, 2025.
4. Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock.
Remarks:
/s/ Scott J. Posner by power of attorney 03/03/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Terex (TEX) CFO Jennifer Kong-Picarello report?

Jennifer Kong-Picarello reported a small equity grant, a forfeiture, and tax-related share withholding. She received 20 shares from performance awards, forfeited 79 shares under 2025 award terms, and had 2,943 shares withheld to pay taxes on vesting restricted stock.

How many Terex (TEX) shares does the CFO hold after these Form 4 transactions?

After the reported transactions, Jennifer Kong-Picarello directly holds 62,376 Terex shares. The company notes that this total includes previously reported restricted stock units, reflecting both time-based and performance-based equity awards accumulated over time.

Why were 2,943 Terex (TEX) shares withheld from the CFO on March 2, 2026?

The 2,943 shares were withheld to cover tax liabilities from the scheduled vesting of previously granted restricted stock. Instead of paying cash taxes, part of the vested shares was retained, which is a common mechanism for handling equity award tax obligations.

What do the forfeited Terex (TEX) shares in the CFO’s Form 4 represent?

The forfeited 79 shares reflect restricted stock canceled under 2025 performance awards. These shares were forfeited pursuant to the terms of those awards, which adjust payouts based on performance conditions tied to the period ended December 31, 2025.

What is the nature of the 20 Terex (TEX) shares granted to the CFO?

The 20 shares were granted as performance shares under 2025 performance-based awards. They resulted from Terex exceeding performance targets set for the period ended December 31, 2025, converting part of the performance award into actual common stock.