Terex (NYSE: TEX) director David Dauch granted 1,467 shares as retainer pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DAUCH DAVID C reported acquisition or exercise transactions in this Form 4 filing.
Terex Corporation director David C. Dauch received a stock grant as part of his board compensation. He was awarded 1,467 shares of Terex common stock at a reference price of $71.81 per share, representing partial payment of his annual director retainer under one of the company’s long-term incentive plans.
Following this award, Dauch holds 8,334 shares directly, a total that includes previously reported restricted stock units. This filing reflects a compensation-related grant, not an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAUCH DAVID C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $ .01 par value | 1,467 | $71.81 | $105K |
Holdings After Transaction:
Common Stock, $ .01 par value — 8,334 shares (Direct, null)
Footnotes (1)
- Shares granted pursuant to one of the Company's long-term incentive plans representing partial payment of annual director retainer. Total includes previously reported restricted stock units.
Key Figures
Shares granted: 1,467 shares
Grant price reference: $71.81 per share
Total holdings after grant: 8,334 shares
3 metrics
Shares granted
1,467 shares
Director stock grant as partial annual retainer
Grant price reference
$71.81 per share
Reported value for common stock grant
Total holdings after grant
8,334 shares
Direct holdings including previously reported RSUs
Key Terms
long-term incentive plans, annual director retainer, restricted stock units
3 terms
long-term incentive plans financial
"Shares granted pursuant to one of the Company's long-term incentive plans representing partial payment"
Long-term incentive plans are multi-year pay programs that reward executives and key employees with stock, options, or cash bonuses when the company hits future performance goals. Think of it like paying someone with a portion of the business or future bonuses to keep them focused on growing the company over several years. Investors watch these plans because they influence executive decisions, potential share dilution, and whether management’s goals line up with long-term shareholder value.
annual director retainer financial
"representing partial payment of annual director retainer"
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.
FAQ
What did Terex (TEX) director David C. Dauch report in this Form 4?
David C. Dauch reported receiving 1,467 shares of Terex common stock. The shares were granted as part of his annual director retainer under a long-term incentive plan, making this a compensation-related award rather than a market trade.
What are David C. Dauch’s total Terex (TEX) holdings after this transaction?
After the grant, Dauch directly holds 8,334 Terex shares. This total includes the newly granted shares and previously reported restricted stock units, giving a consolidated view of his direct and award-based equity position in the company.
What is the purpose of the Terex (TEX) stock grant to director David C. Dauch?
The stock grant represents partial payment of Dauch’s annual director retainer. Terex compensates directors partly in equity under its long-term incentive plans, aligning director interests with shareholders by tying a portion of compensation to company stock.
Does this Terex (TEX) Form 4 indicate any Rule 10b5-1 trading plan activity?
The filing footnotes describe the shares as granted under a long-term incentive plan and as partial payment of the director retainer. They do not mention any Rule 10b5-1 trading plan or pre-arranged market transaction in connection with this award.