Padmanabhan Srikanth 4

What Happened

• Padmanabhan Srikanth, a director of Terex Corporation (TEX), was granted 3,760 shares on 2026-06-26. The grant is reported on Form 4 as an acquisition (award) at $71.81 per share, with an aggregate value of $270,006. This was a compensation award under the company’s long-term incentive plan (director retainer), not an open-market purchase.

Key Details

• Transaction date: 2026-06-26; Form 4 filed: 2026-06-30 (filed within the SEC’s 2-business-day window).
• Transaction type/code: Grant/Award (Form 4 code A).
• Shares granted: 3,760 at $71.81 per share; total value ≈ $270,006.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes: F1 — Grant pursuant to the company’s long-term incentive plan as payment of annual director retainer. F2 — Reported ownership includes shares received as a dividend.
• No indication of a 10b5-1 plan, sale, or tax withholding reported in the supplied data.

Context

• This award reflects routine director compensation (annual retainer paid in stock) rather than a market purchase or sale and should be viewed as compensation-related issuance. Such grants increase insider ownership but do not necessarily signal the director’s short-term trading intent.