GEORGE AMY 4
Research Summary
AI-generated summary
Terex (TEX) SVP Amy Receives RSU Award; Shares Withheld
What Happened
- George Amy, Senior Vice President, Human Resources at Terex Corp (TEX), received an award of 7,574 restricted stock units (RSUs) on 2026-03-15. To cover tax liability on the scheduled vesting, 3,385 shares were withheld/disposed at an effective value of $59.41 per share, totaling $201,103.
- The grant itself shows an acquisition of RSUs at $0.00 (typical for time-based awards). After withholding, the net shares to be issued from this grant would be 4,189 (7,574 granted minus 3,385 withheld), based on the filing.
Key Details
- Transaction date: 2026-03-15; Filing date: 2026-03-17.
- Withholding/disposition: 3,385 shares at $59.41 each, proceeds/value $201,103 (tax/payment withholding).
- Grant: 7,574 RSUs @ $0.00 (no cash purchase) — these are time-based awards, not an open-market purchase.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 indicates shares were withheld to pay tax liabilities on vesting; F2 notes totals include previously reported RSUs; F3 explains these 7,574 RSUs each convert to one share when vested and vest 1/3 on Mar 15 of 2027, 2028 and 2029, subject to continued employment.
Context
- This filing reflects a standard equity award vesting/tax-withholding event, not a market purchase or sale intended to express sentiment. Withholding shares to cover taxes is common for RSU vesting and is recorded as a disposition (code F) on Form 4.
- Because the RSUs vest over future dates, the full economic benefit of the award is contingent on continued employment and future vesting dates.