Scott Posner - Mar 15, 2024 Form 4 Insider Report for TEREX CORP (TEX)

Role
Senior V.P., Gen Counsel Sec.
Signature
/s/Scott J. Posner
Stock symbol
TEX
Transactions as of
Mar 15, 2024
Transactions value $
-$110,773
Form type
4
Date filed
3/19/2024, 01:45 PM
Previous filing
Mar 6, 2024
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEX Common Stock, $.01 par value Tax liability -$51.3K -879 -1.53% $58.35 56.4K Mar 15, 2024 Direct F1
transaction TEX Common Stock, $.01 par value Award $0 +4.95K +8.78% $0.00 61.4K Mar 15, 2024 Direct F2
transaction TEX Common Stock, $.01 par value Award $0 +4.95K +8.07% $0.00 66.3K Mar 15, 2024 Direct F3
transaction TEX Common Stock, $.01 par value Award $0 +5.33K +8.04% $0.00 71.7K Mar 15, 2024 Direct F4
transaction TEX Common Stock, $.01 par value Tax liability -$59.5K -1.01K -1.41% $59.07 70.7K Mar 18, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock awards.
F2 Shares granted pursuant to one of the Company's long-term incentive plans with the award scheduled to vest in the first quarter of 2027 if the Company achieves a targeted percentile rank against a peer group of companies for three year annualized total shareholder return ("TSR") for the period January 1, 2024 - December 31, 2026. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.
F3 Shares granted pursuant to one of the Company's long-term incentive plans with the award scheduled to vest in the first quarter of 2027 if the Company achieves a targeted return on invested capital ("ROIC") in each of 2024, 2025 and 2026. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.
F4 Shares granted pursuant to one of the Company's long-term incentive plans with the award vesting as follows: 1/3 on March 15, 2025; 1/3 on March 15, 2026 and 1/3 on March 15, 2027.