POSNER SCOTT 4

What Happened
Scott Posner, Senior Vice President and General Counsel of Terex Corporation (TEX), had 1,688 restricted shares disposed of to the issuer (forfeited) and received 17 shares as an award on February 27, 2026. Both transactions are reported at $0.00 per share (total value $0), indicating a forfeiture of previously granted restricted stock and a small performance-based award rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-27. Filing date (Form 4): 2026-03-03 (timely filed).
• Disposition: 1,688 shares to issuer at $0.00 (code D — forfeiture/return to issuer).
• Acquisition: 17 shares at $0.00 (code A — award/grant; performance-based).
• Shares owned after transaction: not specified in the provided excerpt.
• Relevant footnotes from the filing:
  • F1: The 1,688 shares reflect restricted stock forfeited under performance awards granted in 2023–2025.
  • F4: The 17 performance shares were awarded under 2025 performance awards after the company exceeded performance targets for the period ended 12/31/2025.
  • F2/F3: Ownership totals in the filing include dividend shares and previously reported restricted stock units.
• Transaction types explained: D = disposition to issuer (forfeiture/return), A = award/grant. No cash changed hands.

Context
Forfeitures and performance awards are part of executive compensation mechanics and don’t reflect open‑market buying or selling pressure. The forfeiture reduced Posner’s holdings, while the small award reflects achievement of performance metrics for 2025. These entries are routine compensation adjustments and should be interpreted differently than outright market purchases or sales.