Form 4: Terex Executive Sells Shares for Tax Obligations

Terex Corporation's President of Aerials, Joshua Gross, disposed of 9 shares of common stock to cover tax liabilities related to restricted stock vesting.

Summary

• Joshua Gross, President Aerials at Terex Corporation (TEX), reported a transaction involving the company's common stock.
• The transaction, dated March 20, 2026, was a disposition of 9 shares of common stock.
• The shares were disposed of at a price of $58.73 per share.
• This disposition was specifically for the payment of tax liability associated with the scheduled vesting of previously granted restricted stock.
• Following this transaction, Joshua Gross beneficially owns 54,580 shares of Terex common stock.
• The reported ownership total includes previously reported restricted stock units and shares received as a dividend.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard administrative transaction for an executive's compensation, not indicative of operational performance or strategic shifts.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for corporate insiders, indicating changes in their beneficial ownership. This specific transaction, involving shares withheld for tax purposes, is a common practice when restricted stock vests, and does not typically reflect a change in the insider's confidence in the company's future or its operational performance.

Comparison to Industry Standards

• This type of transaction, where shares are withheld to cover tax obligations upon the vesting of restricted stock, is a standard and common practice across publicly traded companies for executive compensation plans. It aligns with typical industry practices for managing equity compensation.

Stakeholder Impact

• Shareholders may note the minor change in insider ownership, but the reason for the transaction (tax withholding) suggests minimal impact on company valuation or investor sentiment.

Key Dates

Recommendation

This Form 4 filing reports a routine disposition of shares by an executive to cover tax obligations upon restricted stock vesting. Such transactions are administrative in nature and do not typically signal a change in the company's fundamentals or the executive's long-term view, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

TEREX CORP, TEX, Form 4, insider trading, stock transaction, restricted stock, tax withholding, Joshua Gross