Form 4: Terex Corp Executive Scott Posner Reports Stock Disposal for Tax Obligations
SEC Form 4
Scott Posner, Senior VP and General Counsel of Terex Corp, reported disposing of 5,578 shares of common stock to cover tax liabilities associated with vesting restricted stock awards.
Summary
- On March 4, 2024, Scott Posner, Senior VP and General Counsel of Terex Corporation, disposed of 5,578 shares of Terex common stock.
- The transaction was executed to cover the tax liability associated with the vesting of previously granted restricted stock awards.
- The shares were disposed of at a price of $56.69 per share.
- Following the transaction, Posner beneficially owns 57,308 shares of Terex common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock disposal transaction |
| 03/06/2024 | Date of Form 4 filing |
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