Form 4: Terex Corp Executive Scott Posner Forfeits Restricted Stock
SEC Form 4
Scott Posner, Senior VP and General Counsel of Terex Corp, forfeited 6,435 shares of common stock on February 27, 2025, due to the terms of performance awards.
Summary
- On February 27, 2025, Scott Posner, Senior VP and General Counsel of Terex Corp, forfeited 6,435 shares of common stock.
- The forfeiture was due to the terms of performance awards granted in 2022, 2023, and 2024.
- Following the transaction, Posner beneficially owns 51,055 shares of Terex Corp common stock, which includes shares received as a dividend.
Sentiment
Score: 4
Explanation: The document indicates a forfeiture of shares due to unmet performance targets, which is a slightly negative signal.
Negatives
- Scott Posner forfeited 6,435 shares of restricted stock, indicating that performance targets associated with those shares were not met.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders may view the forfeiture of shares as a sign that performance targets were not met, potentially impacting investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction: Scott Posner forfeited 6,435 shares of common stock. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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