Canan John 4

What Happened

• John Canan, a director of REV Group, had 65,390 shares of REV Group common stock disposed (cancelled) on Feb 2, 2026 as part of the merger with Terex. The Form 4 reports two dispositions to the issuer: 63,285 and 2,105 shares (both at $0.00 per share because the shares were cancelled at the merger).
• Under the merger terms, each cancelled REVG share converted into 0.9809 shares of Terex common stock and $8.71 in cash. For 65,390 shares this equates to approximately 64,141 Terex shares and about $569,516.90 in cash. This was a corporate merger-related disposition, not an open-market sale initiated by the director.

Key Details

• Transaction date: 2026-02-02; Report filed 2026-02-02 (timely).
• Reported dispositions: 63,285 shares and 2,105 shares (total 65,390). Reported price per share: $0.00 (reflecting cancellation).
• Consideration per REVG share: 0.9809 Terex shares + $8.71 cash (per merger agreement).
• Approximate proceeds: ~64,141 Terex shares and ~$569,517 cash (combined).
• Shares owned after transaction: No outstanding REV Group common shares remain (shares were cancelled at effective time).
• Footnotes: F1–F3 explain the Merger Agreement and conversion mechanics (common stock converted to Terex shares + cash; Issuer RSUs converted to Terex RSUs at 1.1309x and dividend equivalents converted to restricted cash).

Context

• This filing reflects merger consideration and automatic conversion/cancellation of REV Group stock, not a voluntary market sale by the director. The $0.00 per-share entry on the Form 4 represents cancellation; value was received in Terex stock and cash per the merger agreement.
• Any outstanding REV Group RSU awards were converted into Terex RSU awards (1.1309x) and related unpaid dividend equivalents were converted to restricted cash, per the filing footnotes.