Terex (NYSE: TEX) SVP stock withheld to cover restricted share taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Terex Corporation senior vice president and general counsel Scott Posner had 26 shares of common stock withheld at $58.73 per share to cover tax liabilities tied to the scheduled vesting of previously granted restricted stock. After this tax-withholding disposition, he holds 84,418 shares directly, a total that includes previously reported restricted stock units and shares received as dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
POSNER SCOTT
Role
Senior V.P., Gen Counsel Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $.01 par value | 26 | $58.73 | $2K |
Holdings After Transaction:
Common Stock, $.01 par value — 84,418 shares (Direct)
Footnotes (1)
- Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock. Total includes previously reported restricted stock units. Ownership includes shares received as a dividend.
FAQ
What insider transaction did Terex (TEX) report for Scott Posner?
Terex reported that Scott Posner had 26 shares of common stock withheld to pay taxes on vested restricted stock. The shares were valued at $58.73 each and represent a tax-withholding disposition, not an open-market sale.
What role does Scott Posner hold at Terex (TEX)?
Scott Posner serves as Senior Vice President and General Counsel for securities matters at Terex. His Form 4 filing reflects a tax-related share withholding linked to the vesting of restricted stock granted as part of his compensation.
What does the F transaction code mean in the Terex (TEX) Form 4?
The F transaction code indicates payment of an exercise price or tax liability by delivering securities. In this case, 26 Terex shares were withheld to cover Scott Posner’s tax obligations on the vesting of restricted stock.