KONG-PICARELLO JENNIFER 4

What Happened

• Jennifer Kong‑Picarello, Senior Vice President and Chief Financial Officer of Terex Corporation (TEX), had 2,943 shares disposed on 2026-03-02 at $68.79 each to satisfy the tax liability on vested restricted stock, totaling $202,449.
• On 2026-02-27 she also had 79 restricted shares forfeited (disposition to issuer, $0) and was awarded 20 performance shares ($0) as a result of 2025 performance awards.

Key Details

• Transaction dates and prices:
  • 2026-03-02: 2,943 shares withheld/disposed at $68.79 — value ~$202,449 (tax withholding for vesting) [F4].
  • 2026-02-27: 79 shares forfeited to issuer at $0.00 [F1].
  • 2026-02-27: 20 performance shares granted at $0.00 (award resulting from exceeding 2025 performance targets) [F3].
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes from the filing:
  • F1: 79 shares reflect restricted stock forfeited under 2025 performance awards.
  • F2: Total includes previously reported restricted stock units.
  • F3: 20 shares are performance shares awarded for exceeding 2025 targets.
  • F4: 2,943 shares were withheld to pay the tax liability on vesting.
• Filing timeliness: Report filed 2026-03-03; transactions occurred 2026-02-27 and 2026-03-02 — filing appears timely.

Context

• This was a compensation-related transaction (vesting and tax withholding), not an open-market sale or purchase — routine for executives when restricted stock vests. The withholding reduces her net share count but does not necessarily signal a change in sentiment about the company.