Simon Meester - Mar 15, 2025 Form 4 Insider Report for TEREX CORP (TEX)

Signature
/s/Scott J. Posner, by power of attorney
Stock symbol
TEX
Transactions as of
Mar 15, 2025
Transactions value $
-$392,176
Form type
4
Date filed
3/18/2025, 04:45 PM
Previous filing
Mar 3, 2025
Next filing
Mar 24, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEX Common Stock, $.01 par value Award $0 +44.5K +39.25% $0.00 158K Mar 15, 2025 Direct F1, F2
transaction TEX Common Stock, $.01 par value Award $0 +41.3K +26.17% $0.00 199K Mar 15, 2025 Direct F2, F3
transaction TEX Common Stock, $.01 par value Award $0 +41.3K +20.74% $0.00 241K Mar 15, 2025 Direct F2, F4
transaction TEX Common Stock, $.01 par value Tax liability -$392K -9.73K -4.05% $40.31 231K Mar 17, 2025 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares represent 44,499 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest as follows: 1/3 on March 15, 2026; 1/3 on March 15, 2027; and 1/3 on March 15, 2028, subject to the Reporting Person's continued employment with the Issuer on each such vesting date.
F2 Total includes reported restricted stock units.
F3 The shares represent 41,320 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in the first quarter of 2028 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, 2025 - December 31, 2027. The number of RSUs in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.
F4 The shares represent 41,320 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in the first quarter of 2028 if the Company achieves a targeted return on invested capital ("ROIC") in each of 2025, 2026 and 2027. The number of RSUs in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.
F5 Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock awards.