Form 4: Terex CFO's Planned Stock Transactions Revealed

Terex CFO Jennifer Kong-Picarello disclosed planned future stock transactions under a Rule 10b5-1 plan, including forfeiture, performance share awards, and tax-related dispositions.

Summary

• Jennifer Kong-Picarello, Senior Vice President and CFO of Terex Corporation, reported planned transactions involving the company's common stock.
• On February 27, 2026, Ms. Kong-Picarello is scheduled to forfeit 79 shares of restricted stock related to performance awards granted in 2025.
• Also on February 27, 2026, she is scheduled to acquire 20 performance shares awarded due to the company exceeding performance targets for the period ended December 31, 2025.
• On March 2, 2026, 2,943 shares are scheduled to be disposed of at a price of $68.79 per share to cover tax liabilities associated with the scheduled vesting of previously granted restricted stock.
• Following these planned transactions, Ms. Kong-Picarello's direct beneficial ownership of Terex common stock will be 62,376 shares, down from 65,299 shares (after the initial forfeiture) and 65,319 shares (after the performance award acquisition).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as slightly positive. While there's a net reduction in shares due to tax withholding and a minor forfeiture, the award of performance shares for exceeding company targets is a positive indicator of executive performance and company achievement.

Positives

• Ms. Kong-Picarello is scheduled to receive 20 performance shares because Terex Corporation exceeded performance targets set out in the 2025 grant for the period ended December 31, 2025.

Negatives

• Ms. Kong-Picarello is scheduled to forfeit 79 shares of restricted stock pursuant to the terms of performance awards granted in 2025, indicating some targets may not have been fully met for that portion.
• A significant number of shares (2,943) are scheduled to be withheld for payment of tax liability, reducing her direct beneficial ownership.

Future Outlook

The filing details planned future transactions under a Rule 10b5-1 plan, indicating pre-arranged executive stock activity rather than new forward-looking guidance from the company.

Industry Context

StockSavvy.ai notes that the use of Rule 10b5-1 plans for executive stock transactions is a common practice in the industry, allowing insiders to pre-arrange trades to avoid accusations of trading on material non-public information. The mix of forfeitures, performance awards, and tax-related dispositions is typical for executive compensation structures.

Stakeholder Impact

• Shareholders gain insight into the planned compensation-related stock movements of a key executive, which is standard disclosure for corporate governance and transparency.

Key Dates

Keywords

Terex, TEX, Form 4, Insider Trading, Executive Compensation, Restricted Stock, Performance Shares, CFO, 10b5-1 Plan