Terex (NYSE: TEX) director David Sachs gifts 15,000 company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Terex Corp director David A. Sachs reported a bona fide gift transfer of 15,000 shares of common stock. The gift carried a price of $0.00 per share and was coded as a charitable or personal gift transaction. Following this transfer, he directly held 275,088 Terex common shares. Sachs also reported indirect holdings of 137,500 shares through a family LLC and 8,300 shares held by his wife, and he disclaims beneficial ownership of these indirectly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,000 shares gifted
Mixed
3 txns
Insider
SACHS DAVID A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, par value $.01 | 15,000 | $0.00 | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.01 — 275,088 shares (Direct);
Common Stock, par value $.01 — 137,500 shares (Indirect, By family LLC)
Footnotes (1)
- Ownership includes shares received as a dividend. Mr. Sachs disclaims the beneficial ownership of such shares.
FAQ
What insider transaction did David A. Sachs report for TEREX CORP (TEX)?
David A. Sachs reported a bona fide gift transfer of 15,000 shares of Terex common stock. The transaction was coded as a gift at $0.00 per share, reducing his directly held shares while not representing an open-market sale or purchase.
What does the Form 4 footnote disclose about David A. Sachs’ TEREX CORP holdings?
The footnote notes that ownership includes shares received as a dividend and that David A. Sachs disclaims beneficial ownership of certain shares. This typically applies to indirectly held shares, such as those in a family LLC or held by a spouse.