Form 4: Terex Corp Executive Scott Posner Reports Stock Transaction
SEC Form 4 Filing
Scott Posner, Senior VP and General Counsel of Terex Corp, reports the withholding of shares for tax liability related to vesting restricted stock awards.
Summary
- On March 20, 2024, Scott Posner, Senior VP and General Counsel of Terex Corporation, reported a transaction involving Terex Corp common stock.
- Six shares were withheld at a price of $58.84 for payment of tax liability associated with the vesting of previously granted restricted stock awards.
- Following the transaction, Posner beneficially owns 70,724 shares of Terex Corp common stock, which includes shares received as a dividend.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of withholding shares to cover tax obligations upon the vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine process related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: shares withheld for tax liability. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
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