Gross Joshua 4
4 · TEREX CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Terex (TEX) President Joshua Gross Receives RSU Awards; Shares Withheld
What Happened
- Joshua Gross, President – Aerials of Terex Corp (TEX), was granted three restricted stock unit (RSU) awards totaling 17,674 RSUs on 2026-03-15 and had 1,891 shares withheld to satisfy the tax withholding obligation related to vesting. The withheld shares were disposed at $59.41 each for a total of $112,344. RSUs are not immediate stock purchases—each RSU is a contingent right to receive one share upon vesting.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
- Awards: 6,186 RSUs (vesting 1/3 on 3/15/27, 1/3 on 3/15/28, 1/3 on 3/15/29, subject to continued employment); 5,744 RSUs tied to multi-year ROIC goals (vesting in Q1 2029, number may be adjusted); 5,744 RSUs tied to 3‑year TSR percentile vs. peers (vesting in Q1 2029, number may be adjusted).
- Tax withholding/disposition: 1,891 shares withheld and disposed at $59.41 each to cover tax liabilities (transaction code F).
- Shares owned after transaction: Not reported on this Form 4.
- Filing timeliness: Reported on 3/17 for 3/15 transactions (appears timely). No 10b5-1 plan or late filing indicated.
Context
- RSU grants are awards (transaction code A) and represent future delivery of shares if time- and/or performance-based vesting conditions are met; they are not immediate purchases signaling a market bet.
- The withheld shares (code F) are routine tax-withholding actions common when awards vest and do not by themselves indicate a view on the stock.
Insider Transaction Report
Form 4
TEREX CORPTEX
Gross Joshua
President - Aerials
Transactions
- Tax Payment
Common Stock, $ .01 par value
[F1][F2]2026-03-15$59.41/sh−1,891$112,344→ 36,846 total - Award
Common Stock, $ .01 par value
[F3][F2]2026-03-15+6,186→ 43,032 total - Award
Common Stock, $ .01 par value
[F4][F2]2026-03-15+5,744→ 48,776 total - Award
Common Stock, $ .01 par value
[F5][F2]2026-03-15+5,744→ 54,520 total
Footnotes (5)
- [F1]Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock.
- [F2]Total includes previously reported restricted stock units.
- [F3]The shares represent 6,186 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest as follows: 1/3 on March 15, 2027; 1/3 on March 15, 2028; and 1/3 on March 15, 2029, subject to the Reporting Person's continued employment with the Issuer on each such vesting date.
- [F4]The shares represent 5,744 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in the first quarter of 2029 if the Company achieves a targeted return on invested capital ("ROIC") in each of 2026, 2027 and 2028. The number of RSUs in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.
- [F5]The shares represent 5,744 restricted stock units ("RSUs") issued by Issuer pursuant to one of its long-term incentive plans. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in the first quarter of 2029 if the Company achieves a targeted percentile rank against a peer group of companies for three year annualized total shareholder return ("TSR") for the period January 1, 2026 - December 31, 2028. The number of RSUs in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.
Signature
/s/Scott J. Posner, power of attorney|2026-03-17