Form 4: Terex Corp Executive Hegarty Forfeits Shares of Restricted Stock
SEC Form 4 Filing
Kieran Hegarty, President of Materials Processing at Terex Corp, forfeited 10,002 shares of restricted stock on February 27, 2025, according to a recent SEC filing.
Summary
- On February 27, 2025, Kieran Hegarty, President of Materials Processing at Terex Corp, forfeited 10,002 shares of restricted stock.
- The forfeiture was pursuant to the terms of performance awards granted in 2022, 2023, and 2024.
- Following the transaction, Hegarty directly owns 172,766 shares of Terex Corp common stock, which includes shares received as a dividend.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding a stock forfeiture, which is neither particularly positive nor negative. It's a neutral event related to executive compensation.
Industry Context
Executive compensation and stock ownership are common topics in the construction and industrial equipment industry, as they align management interests with shareholder value. Forfeiture of restricted stock can occur when performance targets are not met.
Stakeholder Impact
- The forfeiture of shares has a minor impact on the executive's holdings and a negligible impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction: Kieran Hegarty forfeited 10,002 shares of restricted stock. |
| 03/03/2025 | Date of filing: Form 4 filing date. |
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