Form 4: Terex Executive Sells Shares for Tax Obligations

Kieran Hegarty, President of Materials Processing at Terex Corp, disposed of 6,791 shares of common stock to cover tax liabilities from a restricted stock award vesting.

Summary

• Kieran Hegarty, President of Materials Processing at Terex Corp (TEX), reported a transaction on October 20, 2025.
• 6,791 shares of Terex Common Stock, par value $.01, were disposed of at a price of $53.01 per share.
• This disposition was specifically for the payment of tax liability associated with the scheduled vesting of a previously granted restricted stock award.
• Following this transaction, Hegarty's direct beneficial ownership stands at 185,329 shares of Terex Common Stock.
• The reported ownership total includes shares received as a dividend and previously reported restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax obligations upon the vesting of a restricted stock award, which is a common practice in executive compensation and does not reflect a change in company fundamentals or executive confidence.

Positives

• The transaction is a non-discretionary event related to executive compensation, indicating the vesting of previously granted awards.
• Kieran Hegarty maintains a substantial beneficial ownership of 185,329 shares, aligning his interests with long-term shareholder value.

Negatives

• The transaction represents a reduction of 6,791 shares in direct beneficial ownership by a key executive, although it is for tax purposes rather than a discretionary sale.

Stakeholder Impact

• Shareholders: A minor, non-discretionary reduction in shares held by a key executive, which is a standard part of executive compensation plans and does not signal a change in company fundamentals or executive confidence.
• Employees: No direct impact on the broader employee base.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary transaction where shares were withheld to cover tax liabilities associated with the vesting of a restricted stock award. It does not reflect a change in the executive's investment conviction or the company's fundamentals, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

Terex, TEX, Form 4, Insider Transaction, Executive Compensation, Restricted Stock, Tax Withholding