Steele Kathleen M. 4

What Happened

• Kathleen M. Steele, a director of Terex Corporation (TEX), was granted/received 8,551 and 2,380 shares (total 10,931) as awards on Feb 2, 2026. Each line is reported as an award/grant (transaction code A) with an acquisition price of $0.00 on the Form 4.

Key Details

• Transaction date: February 2, 2026. Form 4 filed February 4, 2026 reporting those transactions.
• Reported amounts: 8,551 shares acquired (A) and 2,380 shares acquired (A); combined total 10,931 RSU-type awards; price reported $0.00 (award/grant).
• Shares beneficially held: the filing notes that 2,380 Terex RSU Awards are included in the reported beneficial ownership and that these 2,380 RSUs will vest 100% on December 31, 2026 subject to continued service or applicable termination provisions (footnote F3).
• Notable footnotes: (F1) the transaction arose from the closing of a merger (REV Group, Inc. into Terex) effective Feb 2, 2026; (F2) REV RSUs were assumed and converted into Terex RSU Awards per the Merger Agreement (Award Exchange Ratio = 1.1309) and any accrued dividend equivalents were converted into restricted cash.
• Filing timeliness: Form 4 was filed two days after the transaction date; the filing does not indicate a late filing code.

Context

• These were merger-related equity conversions/assumptions (not an open-market buy or sale). Awards reported at $0 reflect grants/assumed RSUs; their economic value depends on Terex share price and the awards’ vesting and cash-settlement terms.
• Such awards are common in mergers when target-company equity and RSUs are converted into acquiror equity and/or restricted cash; they are routine compensation/assumption events and do not, by themselves, signal a buy/sell decision by the insider.