Form 4: Terex Corp Executive Joshua Gross Forfeits Restricted Stock
SEC Form 4
Joshua Gross, President Aerials at Terex Corp, forfeited 1,798 shares of restricted stock on February 27, 2025, according to a recent SEC filing.
Summary
- On February 27, 2025, Joshua Gross, President Aerials at Terex Corp, forfeited 1,798 shares of restricted stock.
- The forfeiture was due to the terms of performance awards granted in 2022, 2023, and 2024.
- Following the transaction, Mr. Gross beneficially owns 19,776 shares of Terex Corp common stock, which includes shares received as a dividend.
Sentiment
Score: 4
Explanation: The forfeiture of restricted stock is generally a negative signal, suggesting that performance targets were not met. However, the overall impact is likely limited as it involves a relatively small number of shares.
Negatives
- Joshua Gross forfeited 1,798 shares of restricted stock, indicating that performance targets associated with those shares were not met.
Industry Context
Executive compensation and stock ownership are common metrics tracked within the construction and industrial equipment industry, where Terex operates. Forfeiture of restricted stock may signal underperformance relative to pre-defined goals.
Stakeholder Impact
- Shareholders may view the forfeiture of restricted stock as a sign that performance targets were not met, potentially impacting investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction: Joshua Gross forfeited 1,798 shares of restricted stock. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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