Form 4: Terex Corp CFO Sells Shares to Cover Tax Obligations

Terex Corporation's Senior Vice President and CFO, Julie A. Beck, sold a small portion of her common stock holdings to cover tax liabilities associated with vesting restricted stock awards.

Summary

• Julie A. Beck, Senior Vice President and CFO of Terex Corporation, executed a transaction involving the company's common stock.
• On December 20, 2024, Ms. Beck disposed of 3 shares of Terex common stock at a price of $45.78 per share.
• This transaction was conducted to cover the tax liability associated with the vesting of previously granted restricted stock awards.
• Following the transaction, Ms. Beck beneficially owns 94,824 shares of Terex common stock, which includes shares received as a dividend.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• This type of transaction is standard practice across publicly traded companies, where executives often receive stock options or restricted stock as part of their compensation.
• Similar transactions are regularly reported by executives at companies like Caterpillar (CAT) and Deere & Company (DE), which are also in the industrial manufacturing sector.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive for tax purposes.

Key Dates

Keywords

Terex, TEX, insider trading, Form 4, Julie A. Beck, stock sale, executive compensation, restricted stock, tax liability