Form 4: Terex VP CAO Forfeits Restricted Stock

Terex VP CAO and Controller Stephen Johnston forfeited 29 shares of restricted common stock on February 27, 2026, as per performance award terms.

Summary

• Stephen Johnston, VP CAO and Controller of Terex Corp (TEX), reported a change in beneficial ownership.
• On February 27, 2026, 29 shares of Terex Corp common stock, with a par value of $0.01, were forfeited.
• The forfeiture was pursuant to the terms of performance awards granted to Mr. Johnston in 2023, 2024, and 2025.
• Following this transaction, Mr. Johnston beneficially owns 19,568 shares of common stock.
• The reported ownership includes shares received as a dividend and previously reported restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, a standard reporting of an executive's equity compensation adjustment, with no direct positive or negative implications for the company's operational or financial performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that this Form 4 filing is a routine report of an insider transaction, specifically a forfeiture of restricted stock. Such events are common for executives whose compensation packages include performance-based equity awards, where shares may be forfeited if specific performance conditions are not met. This filing does not indicate any broader industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: Minimal impact due to the small number of shares involved in the forfeiture.

Key Dates

Keywords

Terex Corp, TEX, Form 4, Insider Transaction, Restricted Stock, Stock Forfeiture, Stephen Johnston