Terex executive reports small tax share withholding
Terex Corp executive Joshua Gross reported a small, routine tax-related share disposition.
Rhea-AI Filing Summary
Terex Corp executive Joshua Gross reported a small, routine tax-related share disposition. On the vesting of previously granted restricted stock, 9 shares of common stock were withheld to cover associated tax liabilities, rather than sold on the open market. Following this withholding, he directly owns 54,580 shares of Terex common stock, a total that includes previously reported restricted stock units and shares received as dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 9 shares
Exercise Price or Tax Liability
1 txn
Insider
Gross Joshua
Role
President - Aerials
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $ .01 par value | 9 | $58.73 | $528.57 |
Holdings After Transaction:
Common Stock, $ .01 par value — 54,580 shares (Direct)
Footnotes (3)
- 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. Ownership includes shares received as a dividend.
FAQ
What insider transaction did Terex (TEX) executive Joshua Gross report?
Joshua Gross reported a small tax-related share disposition. Terex withheld 9 shares of common stock to cover taxes on vesting restricted stock, rather than executing an open-market sale, reflecting a routine administrative transaction tied to his equity compensation.
What does the F transaction code mean in the Terex (TEX) Form 4 filing?
The F code indicates shares were used to satisfy tax obligations or exercise costs. Here, 9 Terex shares were withheld to pay taxes on vesting restricted stock, showing a non-market, compensation-related event rather than a discretionary open-market purchase or sale of shares.
Does the Joshua Gross Form 4 suggest a change in sentiment toward Terex (TEX) stock?
The filing does not signal a change in sentiment. It reflects a routine withholding of 9 shares to cover taxes on vesting restricted stock, while his post-transaction holdings remain 54,580 shares, indicating the event is administrative rather than a strategic share sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.