CARROLL PATRICK S 4
4 · TEREX CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Terex (TEX) President Patrick Carroll Receives RSU Awards; Shares Withheld
What Happened
Patrick S. Carroll, President, Environmental Solutions at Terex Corporation (TEX), was awarded 18,516 restricted stock units (RSUs) and had 9,219 shares withheld to cover tax withholding related to previously scheduled vesting. The withheld shares were disposed at $59.41 each, totaling $547,701. The RSU awards were granted at $0 (no cash purchase).
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears timely, within the two-business-day window).
- Shares withheld (tax payment): 9,219 shares disposed at $59.41 each = $547,701 (transaction code F — tax withholding).
- RSU grants (transaction code A — award): 6,480 RSUs; 6,018 RSUs; 6,018 RSUs (total 18,516 RSUs) issued at $0.
- Vesting / performance terms:
- 6,480 RSUs: service-based; vest 1/3 on 3/15/2027, 1/3 on 3/15/2028, 1/3 on 3/15/2029 (subject to continued employment).
- 6,018 RSUs: performance-based; vest in Q1 2029 if targeted ROIC is achieved for 2026–2028 (amount may be adjusted up or down).
- 6,018 RSUs: performance-based; vest in Q1 2029 if targeted percentile TSR vs. peers is achieved for 2026–2028 (amount may be adjusted up or down).
- Footnotes: withholding was to pay the tax liability from scheduled vesting of previously granted restricted stock; total includes previously reported RSUs.
- Shares owned after the transactions: not disclosed in the summary data provided.
Context
RSUs are awards that convert to shares only if vesting conditions (service and/or performance) are met; they carry no immediate transferable value until vested. The sale/transfer of shares here was a routine tax-withholding transaction (common when restricted stock or RSUs vest) and should not be read as a directional buy/sell signal by itself. The two 6,018-RSU grants are contingent on future company performance (ROIC and TSR) and may be adjusted based on attainment.
Insider Transaction Report
- Tax Payment
Common Stock, $ .01 par value
[F1][F2]2026-03-15$59.41/sh−9,219$547,701→ 83,434 total - Award
Common Stock, $ .01 par value
[F3][F2]2026-03-15+6,480→ 89,914 total - Award
Common Stock, $ .01 par value
[F4][F2]2026-03-15+6,018→ 95,932 total - Award
Common Stock, $ .01 par value
[F5][F2]2026-03-15+6,018→ 101,950 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 6,480 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 6,018 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 6,018 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.