Canan John 4

What Happened

• John Canan, a director of Terex Corporation (TEX), was credited with two acquisitions on Feb 2, 2026: 62,076 shares and 2,380 shares reported as awards/grants (transaction code A). Both line items are reported at $0.00 per share (total reported value $0), reflecting merger-related conversion/assumption rather than an open-market purchase.

Key Details

• Transaction date: February 2, 2026; Form 4 filed Feb 4, 2026 (timely filing).
• Reported entries: 62,076 shares @ $0.00 and 2,380 shares @ $0.00 — total 64,456 shares added on the effective date of the merger.
• Footnote highlights:
  • F1: These transactions occurred at the effective time of Terex’s merger with REV Group; REV common shares were converted into Terex shares (plus cash consideration).
  • F2: REV restricted stock units (RSUs) were assumed and converted into Terex RSU awards (and restricted cash for accrued dividend equivalents).
  • F3: The 2,380 Terex RSU Awards included in beneficial ownership will vest 100% on Dec 31, 2026, subject to continued service or applicable termination provisions.
• Shares beneficially held after the transaction are reported to include the 2,380 Terex RSUs noted above; the filing does not assign a cash purchase price because these were merger conversion/assumption events.

Context

• These A-code (award/grant) entries reflect merger-related conversion and RSU assumption rather than an executive purchasing or selling shares in the open market. The reported $0 per-share amount is standard for share issuances or conversions tied to a corporate transaction and does not imply market value.
• For retail investors, merger-related awards indicate structural ownership changes from the deal (REV → Terex) rather than a director's independent buy/sell decision. The 2,380 RSUs vesting in December 2026 remain subject to service/termination conditions.