Form 4: Terex Corp Executive Simon Meester Forfeits Restricted Stock
SEC Form 4
Simon Meester, President and CEO of Terex Corp, forfeited 14,690 shares of restricted stock on February 27, 2025, according to a Form 4 filing.
Summary
- Simon Meester, President and CEO of Terex Corp, forfeited 14,690 shares of restricted stock on February 27, 2025.
- The forfeiture was pursuant to the terms of performance awards granted in 2022, 2023, and 2024.
- Following the transaction, Meester beneficially owns 113,365 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 an executive's stock forfeiture. It's neutral in tone and doesn't inherently indicate positive or negative sentiment.
Negatives
- Simon Meester forfeited 14,690 shares of restricted stock, which could be perceived negatively by some investors.
Industry Context
Executive stock forfeitures are a common occurrence and are often tied to performance metrics or vesting schedules. This filing provides transparency into executive compensation and ownership at Terex Corp.
Stakeholder Impact
- The forfeiture of shares by an executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction: Simon Meester forfeited 14,690 shares of restricted stock. |
| 03/03/2025 | Date of filing: Form 4 filing date. |
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