Form 4: Terex Corp Executive Hegarty Reports Stock Transaction
SEC Form 4
Kieran Hegarty, President of Materials Processing at Terex Corp, reports disposition of shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 4, 2024, Kieran Hegarty, President of Materials Processing at Terex Corporation, disposed of 13,325 shares of common stock to cover tax liabilities.
- The shares were sold at a price of $56.69 per share.
- Following the transaction, Hegarty directly owns 216,619 shares of Terex Corp.
- The transaction was related to the vesting of previously granted restricted stock awards.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a common practice of executives covering tax obligations related to stock awards.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock transaction |
| 03/06/2024 | Date of signature on the Form 4 filing |
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