KONG-PICARELLO JENNIFER 4

What Happened Jennifer Kong-Picarello, Senior Vice President and Chief Financial Officer of Terex Corp (TEX), had 6 shares withheld to satisfy the tax liability on the scheduled vesting of previously granted restricted stock. The shares were valued at $58.73 each (total ~ $352) on the transaction date of 2026-03-20. This was a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-03-20; 6 shares at $58.73 each (total ~ $352).
• Transaction type: F (shares withheld to pay tax liability on vesting).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes: F1 indicates shares were withheld to pay the tax liability on vested restricted stock; F2 notes totals include previously reported restricted stock units; F3 notes ownership includes shares received as a dividend.
• Filing timeliness: Reported on 2026-03-24 (filed within the required reporting window).

Context Withholding shares to cover taxes on vested restricted stock is a routine administrative action and does not necessarily signal the insider's view on the company. Unlike an open-market sale, these withheld shares are surrendered to satisfy tax obligations rather than being cashed out.