Form 4: Terex Corp Director Christopher Rossi Acquires Shares as Part of Long-Term Incentive Plan
SEC Form 4 Filing
Director Christopher Rossi acquired 5,745 shares of Terex Corp common stock at $46.99 per share as part of the company's long-term incentive plan.
Summary
- On May 15, 2025, Christopher Rossi, a director of Terex Corp, acquired 5,745 shares of common stock at a price of $46.99 per share.
- The acquisition was part of the company's long-term incentive plan, representing payment of the annual director retainer.
- Following the transaction, Rossi's total beneficial ownership of Terex Corp common stock is 29,456 shares, which includes shares received as a dividend.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to positive.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
- The long-term incentive plan aligns the interests of directors with those of shareholders.
Future Outlook
There is no future outlook provided in this document.
Industry Context
This is a routine disclosure related to insider transactions and compensation practices, common in publicly traded companies. It reflects standard corporate governance procedures.
Comparison to Industry Standards
- Director compensation through equity grants is a common practice among publicly traded companies to align director interests with shareholder value.
- Companies like Caterpillar and Deere & Company also utilize long-term incentive plans that include equity grants for their directors and executives.
- The size of the grant is typical for director compensation packages in companies of similar size and industry.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction: Christopher Rossi acquired shares of Terex Corp common stock. |
| 05/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Terex Corp, Christopher Rossi, Director, Share Acquisition, Long-Term Incentive Plan, Beneficial Ownership, Form 4, SEC Filing
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