Hegarty Kieran 4

What Happened

• Kieran Hegarty, President of Materials Processing at Terex Corporation (TEX), had 2,576 shares disposed to the issuer (reported at $0) and was credited with 18 shares acquired via grant (reported at $0) on February 27, 2026. The $0 amounts reflect forfeited restricted stock and awarded performance shares, not open-market cash sales or purchases.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (filing appears timely).
• Disposition: 2,576 shares to issuer (code D) at $0.00 — per footnote, these were restricted shares forfeited under prior performance awards.
• Acquisition: 18 shares (code A) at $0.00 — performance shares awarded for exceeding 2025 performance targets.
• Shares owned after the transactions: not specified in the provided filing.
• Relevant footnotes:
  • F1: Forfeiture of restricted stock from performance awards granted in 2023–2025.
  • F2: Totals include previously reported restricted stock units.
  • F3: The 18 performance shares arose under 2025 performance-based awards due to the company exceeding targets for the period ended Dec 31, 2025.

Context

• These entries are administrative (forfeiture and award) tied to compensation plan mechanics, not open-market trading; they do not indicate a cash sale or a purchase that signals personal investment intent. Performance-share awards reflect company payout under plan metrics, while forfeiture reduces outstanding restricted stock previously granted.