LaDue Joseph 4
4 · REV Group, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
REV Group (REVG) VP Joseph LaDue Sells/Cancels 20,352 Shares
What Happened
- Joseph LaDue, VP, Corporate Controller & CAO of REV Group (REVG), reported two dispositions to the issuer on Feb 2, 2026: 7,454 and 12,898 REVG shares (total 20,352). The Form 4 shows $0 per share because the shares were cancelled in a merger, not sold on the open market.
- Under the merger terms, each REVG share was converted into 0.9809 shares of Terex common stock and $8.71 cash. Based on that formula, LaDue’s 20,352 REVG shares converted into approximately 19,963.28 Terex shares and about $177,265.92 in cash. This was a merger conversion (corporate transaction), not an individual market sale.
Key Details
- Transaction date: February 2, 2026. Transaction code: D (Disposition to issuer).
- Form price shown: $0.00 per share (reflects cancellation/conversion in the merger rather than a cash sale).
- Conversion terms (per share): 0.9809 Terex shares + $8.71 cash (see footnotes F1–F3).
- Resulting Terex stock received (approx): 19,963.28 shares; cash received (approx): $177,265.92.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Filing timeliness: filed with the report dated the same day (Period of Report = 2026-02-02); no late filing indicated in the excerpt.
Context
- These dispositions reflect the corporate merger of REV Group into Terex (merger sub structure described in F1), where outstanding REV common shares and RSU awards were converted into Terex stock and cash. Because this was a contractual conversion in the merger, it should not be read as a personal sale or a signal of insider sentiment.
- Related RSU treatment: REV RSU awards were converted into Terex RSU awards at a multiplier of 1.1309, and accrued dividend equivalents were converted to a restricted cash payment; the converted RSUs keep generally the same vesting criteria (see F3).
Insider Transaction Report
Form 4Exit
REV Group, Inc.REVG
LaDue Joseph
VP, Corp. Controller & CAO
Transactions
- Disposition to Issuer
Common Stock
[F1][F2]2026-02-02−7,454→ 12,898 total - Disposition to Issuer
Common Stock
[F1][F3]2026-02-02−12,898→ 0 total
Footnotes (3)
- [F1]On February 2, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 29, 2025, by and among Terex Corporation, a Delaware corporation ("Terex"), Tag Merger Sub 1 Inc. ("Merger Sub 1"), a Delaware corporation and wholly owned subsidiary of Terex, Tag Merger Sub 2 LLC, a Delaware limited liability company and wholly owned subsidiary of Terex ("Merger Sub 2"), and REV Group, Inc. (the "Issuer"), among other things, Merger Sub 1 merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Terex (the "First Merger"). Immediately following the First Merger, Issuer merged with and into Merger Sub 2, with Merger Sub 2 continuing as the surviving corporation and a wholly owned subsidiary of Terex.
- [F2]At the effective time of the First Merger (the "Effective Time"), each outstanding share of Issuer common stock ("Issuer Common Stock") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive from Terex (i) 0.9809 shares of Terex common stock, par value $0.01 per share ("Terex Common Stock") and (ii) $8.71 in cash without interest.
- [F3]At the Effective Time, each outstanding restricted stock unit award of the Issuer ("Issuer RSU Award") held by the reporting person as of immediately prior to the Effective Time, whether or not vested, was cancelled and converted into a Terex RSU Award covering a number of shares of Terex Common Stock equal to (i) the number of shares of Issuer Common Stock subject to the Issuer RSU Award as of immediately prior to the Effective Time, multiplied by (ii) 1.1309. The dividend equivalents accrued, but unpaid, with respect to each such Issuer RSU Award were converted to a restricted cash payment ("RSU Restricted Cash Payment"). The resulting Terex RSU Awards and RSU Restricted Cash Payments are each generally subject to the same vesting criteria as the corresponding Issuer RSU Award as of immediately prior to the Effective Time.
Signature
/s/ Stephen Zamansky, Attorney-in-Fact|2026-02-02