John L. Garrison Jr - Mar 15, 2023 Form 4 Insider Report for TEREX CORP (TEX)

Role
CHAIRMAN AND CEO, Director
Signature
/s/Scott J. Posner, by power of attorney
Stock symbol
TEX
Transactions as of
Mar 15, 2023
Transactions value $
$0
Form type
4
Date filed
3/16/2023, 06:30 PM
Previous filing
Mar 8, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEX Common Stock, par value $.01 Award $0 +39.3K +9.14% $0.00 469K Mar 15, 2023 Direct F1
transaction TEX Common Stock, par value $.01 Award $0 +39.3K +8.37% $0.00 508K Mar 15, 2023 Direct F2
transaction TEX Common Stock, par value $.01 Award $0 +42.3K +8.32% $0.00 551K Mar 15, 2023 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 scheduled to vest in the first quarter of 2026 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, 2023 - December 31, 2025. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.
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 2026 if the Company achieves a targeted return on invested capital ("ROIC") in each of 2023, 2024 and 2025. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.
F3 Shares granted pursuant to one of the Company's long-term incentive plans with the award vesting as follows: 1/3 on March 15, 2024; 1/3 on March 15, 2025 and 1/3 on March 15, 2026.