Form 4: Terex Corp: Former Director John L Garrison Jr. Reports Stock Disposal for Tax Obligations
SEC Form 4
John L Garrison Jr., former director, Chairman and CEO of Terex Corp, reports disposing of 24,470 shares of common stock to cover tax liabilities associated with vesting restricted stock awards.
Summary
- On March 4, 2024, John L Garrison Jr., a former director, Chairman and CEO of Terex Corp, reported a transaction involving Terex Corp common stock.
- The transaction involved the disposal of 24,470 shares of common stock at a price of $56.69 per share.
- These shares were withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock awards.
- Following the transaction, Garrison directly owns 439,928 shares of Terex Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for executives holding company stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: Disposal of shares for tax liability. |
| 03/06/2024 | Date of signature on the report. |
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