Terex (TEX) CFO adds 20 shares through deferred compensation plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Terex Corp Senior Vice President and CFO Jennifer Kong-Picarello acquired additional company stock through compensation programs. On the reported date, she received 20 shares of common stock at a reference price of $63.36 per share, categorized as a grant or award acquisition.
According to the footnotes, these shares were purchased through payroll deductions under the company’s Deferred Compensation Plan, indicating a structured, programmatic acquisition rather than an open-market trade. After this transaction, her directly held common stock position, including previously reported restricted stock units, totaled 87,634 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KONG-PICARELLO JENNIFER
Role
Senior Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $ .01 par value | 20 | $63.36 | $1K |
Holdings After Transaction:
Common Stock, $ .01 par value — 87,634 shares (Direct, null)
Footnotes (1)
- Represents shares purchased through payroll deductions through the Company's Deferred Compensation Plan. Total includes previously reported restricted stock units.
Key Figures
Shares acquired: 20 shares
Reference price per share: $63.36 per share
Total shares after transaction: 87,634 shares
3 metrics
Shares acquired
20 shares
Grant/award acquisition on reported date
Reference price per share
$63.36 per share
Price associated with 20-share acquisition
Total shares after transaction
87,634 shares
Direct holdings including previously reported RSUs
Key Terms
Deferred Compensation Plan, restricted stock units, grant, award, or other acquisition
3 terms
Deferred Compensation Plan financial
"Represents shares purchased through payroll deductions through the Company's Deferred Compensation Plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Terex (TEX) CFO Jennifer Kong-Picarello report in this Form 4 filing?
She reported acquiring 20 shares of Terex common stock categorized as a grant or award. The shares were obtained through payroll deductions under the company’s Deferred Compensation Plan, increasing her directly held total, including previously reported restricted stock units, to 87,634 shares.
What role do restricted stock units play in the Terex (TEX) CFO’s reported holdings?
The filing states that her total of 87,634 shares includes previously reported restricted stock units. This means the disclosed holding combines common shares and RSUs, providing a consolidated view of her direct equity-related interest in Terex following the latest acquisition.