Gross Joshua 4
Research Summary
AI-generated summary
Terex President Joshua Gross Receives Award, Forfeits Shares
What Happened
- Joshua Gross, President — Aerials at Terex Corporation (TEX), had two non-cash transactions reported: a disposition to the issuer (forfeiture) of 192 restricted shares and the receipt (award) of 15 performance shares. Both transactions are reported at $0.00 per share, so no cash changed hands.
Key Details
- Transaction dates: February 27, 2026; Form 4 filed March 3, 2026 (reporting period 2026-02-27).
- Disposition: 192 shares forfeited to the issuer (reported at $0.00) — see footnote F1.
- Acquisition: 15 performance shares awarded (reported at $0.00) — resulting from exceeding 2025 performance targets (see footnote F4).
- Shares owned after transaction: not specified in the provided excerpt; the filing notes total ownership includes previously reported restricted stock units (F2) and shares received as dividends (F3).
- Filing timeliness: Form filed March 3, 2026 for 2/27/2026 transactions; no late-filing indication provided in the excerpt.
Context
- These were award/forfeiture transactions related to equity compensation, not open-market buys or sells. The 192-share disposition reflects forfeiture of restricted stock under prior performance awards (F1); the 15-share entry reflects performance shares earned under 2025 awards after exceeding targets (F4). Because both entries are non-cash awards/forfeitures, they do not represent a market sale or purchase signal.