LaDue Joseph 4

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).