Kieran Hegarty - Mar 17, 2022 Form 4 Insider Report for TEREX CORP (TEX)

Role
President, Materials Processin
Signature
/s/Scott J. Posner, power of attorney
Stock symbol
TEX
Transactions as of
Mar 17, 2022
Transactions value $
$0
Form type
4
Date filed
3/21/2022, 02:03 PM
Previous filing
Mar 15, 2022
Next filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEX Common Stock, par value $.01 Award $0 +10.5K +5.49% $0.00 203K Mar 17, 2022 Direct F1
transaction TEX Common Stock, par value $.01 Award $0 +9.79K +4.83% $0.00 212K Mar 17, 2022 Direct F2
transaction TEX Common Stock, par value $.01 Award $0 +9.79K +4.61% $0.00 222K Mar 17, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares granted pursuant to one of the Company's long-term incentive plans with the award vesting as follows: 1/3 on March 17, 2023; 1/3 on March 17, 2024 and 1/3 on March 17, 2025.
F2 Shares granted pursuant to one of the Company's long-term incentive plans with the award scheduled to vest in the first quarter of 2025 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, 2022 - December 31, 2024. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.
F3 Shares granted pursuant to one of the Company's long-term incentive plans with the award scheduled to vest in the first quarter of 2025 if the Company achieves a targeted return on invested capital ("ROIC") in each of 2022, 2023 and 2024. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.