Terex (NYSE: TEX) exec withholds shares to cover tax on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Terex Corp executive Patrick S. Carroll, President of Environmental Solutions, reported a small share disposition related to taxes. On the scheduled vesting of previously granted restricted stock, 32 shares of common stock were withheld at $58.73 per share to cover the associated tax liability. After this routine tax-withholding event, Carroll directly holds 102,104 shares in total, which the disclosure notes includes previously reported restricted stock units and shares received as dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CARROLL PATRICK S
Role
Pres., Environmental Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $ .01 par value | 32 | $58.73 | $2K |
Holdings After Transaction:
Common Stock, $ .01 par value — 102,104 shares (Direct)
Footnotes (1)
- Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock. Total includes previously reported restricted stock units. Ownership includes shares received as a dividend.
FAQ
What insider transaction did Terex (TEX) disclose for Patrick S. Carroll?
Terex reported that executive Patrick S. Carroll had 32 shares of common stock withheld to cover taxes on the vesting of previously granted restricted stock. This was a routine tax-withholding event, not an open-market sale, and reflected scheduled equity compensation activity.
What do the footnotes in the Terex (TEX) Form 4 filing explain about the transaction?
The footnotes state that shares were withheld to pay taxes on the scheduled vesting of earlier restricted stock grants. They also clarify that Carroll’s total holdings include previously reported restricted stock units and additional shares received as dividends on his Terex equity.