Form 4: Terex Executive's Stock Activity: Forfeitures & Awards
Insider Transaction Report
Terex Corporation's President of Aerials, Joshua Gross, reported a net decrease in beneficial ownership due to restricted stock forfeitures partially offset by performance share awards.
Summary
- Joshua Gross, President Aerials of Terex Corporation (TEX), reported changes in his beneficial ownership of common stock.
- On February 27, 2026, Mr. Gross forfeited 192 shares of restricted stock from performance awards granted in 2023, 2024, and 2025.
- On the same date, Mr. Gross was awarded 15 performance shares due to the company exceeding performance targets set out in a 2025 grant for the period ended December 31, 2025.
- Following these transactions, Mr. Gross's total beneficial ownership stands at 38,737 shares, which includes previously reported restricted stock units and shares received as a dividend.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It is a routine disclosure of executive compensation-related stock movements, reflecting the normal operation of performance-based equity awards rather than discretionary trading or significant new company developments.
Positives
- Joshua Gross was awarded 15 performance shares because Terex Corporation exceeded performance targets for the period ended December 31, 2025, demonstrating strong company performance against set goals.
Negatives
- Joshua Gross forfeited 192 shares of restricted stock, indicating that certain performance conditions for awards granted in 2023, 2024, and 2025 were not fully met, leading to a reduction in his beneficial ownership.
Future Outlook
The filing does not contain explicit forward-looking statements or guidance, as it is a report of past insider transactions related to compensation plans.
Industry Context
StockSavvy.ai notes that Form 4 filings provide transparency into insider transactions, which are a routine part of executive compensation. This filing reflects the mechanics of Terex's performance-based compensation plans, where a portion of awards may be forfeited if targets are not met, while other portions are earned for exceeding targets. Such disclosures are standard practice across publicly traded companies.
Stakeholder Impact
- Shareholders receive transparency regarding executive stock ownership and compensation plan outcomes, which is a standard aspect of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | End of the performance period for the 2025 performance-based awards, which resulted in the award of 15 shares. |
| 02/27/2026 | Transaction date for both the forfeiture of 192 restricted shares and the award of 15 performance shares. |
| 03/03/2026 | Date the Statement of Changes in Beneficial Ownership (Form 4) was signed. |
Recommendation
holdThis Form 4 filing details routine executive compensation-related stock transactions (forfeitures and performance awards) and does not provide new material information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. It is a transparency filing, not a signal for a shift in investment thesis.
Keywords
Terex, TEX, Form 4, Insider Transaction, Executive Compensation, Restricted Stock, Performance Shares, Stock Ownership
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