Terex (NYSE: TEX) director awarded 3,760-share grant as annual retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SACHS DAVID A reported acquisition or exercise transactions in this Form 4 filing.
Terex Corp director David A. Sachs reported a stock grant under the company’s long-term incentive plan. He received 3,760 shares of common stock at a reference price of $71.81 per share as payment of his annual director retainer, increasing his directly held shares to 279,590.
The filing also lists indirect holdings of 8,300 shares held by his wife and 137,500 shares held by a family LLC, for which Sachs disclaims beneficial ownership. This grant is compensation-related rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SACHS DAVID A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 | 3,760 | $71.81 | $270K |
| holding | Common Stock, par value $.01 | -- | -- | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.01 — 279,590 shares (Direct, null);
Common Stock, par value $.01 — 137,500 shares (Indirect, By family LLC)
Footnotes (1)
- Shares granted pursuant to one of the Company's long-term incentive plans representing payment of annual director retainer. Ownership includes shares received as a dividend. Mr. Sachs disclaims the beneficial ownership of such shares.
Key Figures
Stock grant: 3,760 shares
Grant reference price: $71.81/share
Direct holdings after grant: 279,590 shares
+3 more
6 metrics
Stock grant
3,760 shares
Common stock award as annual director retainer
Grant reference price
$71.81/share
Price reported for 3,760-share award
Direct holdings after grant
279,590 shares
Terex common stock held directly by Sachs
Indirect holdings by wife
8,300 shares
Common stock held indirectly by wife
Indirect holdings by family LLC
137,500 shares
Common stock held indirectly by family LLC
Acquire transactions
1 transaction
Grant/award acquisition reported in Form 4
Key Terms
long-term incentive plans, annual director retainer, beneficial ownership, indirect ownership
4 terms
long-term incentive plans financial
"Shares granted pursuant to one of the Company's long-term incentive plans representing payment of annual director retainer."
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
"Shares granted pursuant to one of the Company's long-term incentive plans representing payment of annual director retainer."
beneficial ownership financial
"Mr. Sachs disclaims the beneficial ownership of such shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"Ownership includes shares received as a dividend. Mr. Sachs disclaims the beneficial ownership of such shares."