OCONNELL MAUREEN 4

What Happened

• Maureen O'Connell, a director of Terex Corporation (TEX), was credited with two award-type acquisitions on Feb 2, 2026 totaling 15,557 shares: 13,177 shares and 2,380 shares, each reported at $0.00 (total value reported = $0). The Form 4 lists these transactions as Code "A" (award/grant).
• These awards resulted from the closing of Terex's merger with REV Group — outstanding REV shares and REV RSU awards were converted/assumed into Terex common stock and Terex RSU awards per the merger terms rather than a cash purchase.

Key Details

• Transaction date: February 2, 2026 (Effective Time of the merger); Form 4 filed February 4, 2026 (timely).
• Reported price: $0.00 per share; reported aggregate value $0 (reflects conversion/assumption, not an open-market purchase).
• Shares issued: 13,177 and 2,380 (total 15,557).
• Beneficial holdings note: the filing notes 2,380 Terex RSU Awards are included in beneficially held shares; those 2,380 RSUs will vest 100% on December 31, 2026, subject to continued service or applicable termination provisions (per footnote F3).
• Merger mechanics: per footnotes, REV common stock was converted at an exchange ratio (0.9809 Terex shares per REV share) and REV RSUs were assumed and converted into Terex RSU Awards using an Award Exchange Ratio (1.1309); cash merger consideration also applied to REV common shares (footnotes F1–F2).
• Transaction code: A = Award/Grant. Filing shows no late-report indication.

Context

• These entries reflect merger conversion and RSU assumption rather than a director purchasing or selling stock. Awards reported at $0.00 commonly indicate stock issued or converted in corporate transactions (merger/assumption) rather than an economic purchase.
• Vesting conditions (for the 2,380 RSUs) mean those shares are not fully free-trading until vesting criteria are met; this is typical for assumed RSUs and does not, by itself, signal insider sentiment.