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Terex Executive Compensation (FY25)

TEX · Executive and director compensation, fiscal 2023 to 2025

The paid brief on Terex

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of September 7, 2026Latest filing (8-K): June 30, 2026
12 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Terex brief$1,500Get the executive brief
287 figures on this page: 278 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Simon Meester
Latest say-on-pay support
=
June 25, 2026
Chief executive pay ratio
◇
To the median employee

More on Terex

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Simon Meester: $6,619,371 → $7,294,990 (10.2% higher)
Say-on-pay support: 96.8% → 98.1% (1.3 points higher)
CEO pay ratio: 125:1 → 130:1 (4.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Terex's chief executive and what were they paid?
Simon Meester was paid $7,294,990 in total compensation as President and Chief Executive Officer for fiscal 2025. Meester's total was 10.2% higher than the $6,619,371 reported for fiscal 2024.
What was Terex's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.1% of votes cast including abstentions in favor at the meeting held June 25, 2026.
Which companies are in Terex's peer group?
Companies named in the disclosed peer group include AGCO Corporation, Allison Transmission Holdings, Inc., BorgWarner Inc., Carlisle Companies Inc. and Dana Inc., among others.
What is Terex's chief executive pay ratio?
The company reported a chief executive pay ratio of 130:1 for fiscal 2025, against median employee compensation of $56,041.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kieran Hegarty
President, Materials Processing
◇—◇—◇—◇◇
Julie Beck
Former Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Simon Meester
President and Chief Executive Officer
◇—◇—◇—◇◇
Scott Posner
Senior Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Simon Meester
President and Chief Executive Officer
◇—◇—◇—◇◇
Julie Beck
Former Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Scott Posner
Senior Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Simon Meester
President and Chief Executive Officer
◇—◇—◇—◇◇
Scott Posner
Senior Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Kieran Hegarty
President, Materials Processing
◇—◇—◇—◇◇
Patrick Carroll
President, Environmental Solutions
◇—◇—◇—◇◇
Julie Beck
Former Senior Vice President and Chief Financial Officer
Departed during or after this year
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Jennifer Kong-PicarelloPSU◇◇◇—◇—◇
Jennifer Kong-PicarelloRSU◇——◇——◇
Jennifer Kong-PicarelloRSU◇——◇——◇
Jennifer Kong-PicarelloPSU◇◇◇—◇—◇
Kieran HegartyRSU◇——◇——◇
Kieran HegartyPSU◇◇◇—◇—◇
Kieran HegartyPSU◇◇◇—◇—◇
Patrick CarrollPSU◇◇◇—◇—◇
Patrick CarrollPSU◇◇◇—◇—◇
Patrick CarrollRSU◇——◇——◇
Scott PosnerPSU◇◇◇—◇—◇
Scott PosnerPSU◇◇◇—◇—◇
Scott PosnerRSU◇——◇——◇
Simon MeesterPSU◇◇◇—◇—◇
Simon MeesterRSU◇——◇——◇
Simon MeesterPSU◇◇◇—◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kieran HegartyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Simon MeesterRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Scott PosnerRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Patrick CarrollRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Julie BeckRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David A. Sachs
Board chair
◇◇————◇
Paula H. J. Cholmondeley
◇—————◇
Donald DeFosset
◇—————◇
Sandie O'Connor
◇◇————◇
Christopher Rossi
◇◇————◇
Seun Salami
◇◇————◇
Andra Rush
◇—————◇
Srikanth Padmanabhan
—◇————◇
Maureen O'Connell, Charles Dutil, David Dauch, Jean Marie John Canan, Kathleen Steele and Simon Meester served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Common Stock.
Stock ownership guideline: 3x annual retainer ($810,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AGCO Corporation AGCO
  • Allison Transmission Holdings, Inc. ALSN
  • BorgWarner Inc. BWA
  • Carlisle Companies Inc. CSL
  • Dana Inc. DAN
  • Dover Corporation DOV
  • Flowserve Corporation FLS
  • Hubbell Inc. HUBB
  • Hyster-Yale, Inc. HY
  • Lincoln Electric Holdings, Inc. LECO
  • Oshkosh Corporation OSK
  • Pentair plc PNR
  • Regal Rexnord Corporation RRX
  • Rockwell Automation, Inc. ROK
  • The Greenbrier Companies, Inc. GBX
  • The Timken Company TKR
  • Trinity Industries Inc. TRN
  • Westinghouse Air Brake Technologies Corporation WAB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 25, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 11, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Terex disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Terex sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
287 figures on this page: 278 cited to the filing that reported them, 9 calculated from figures it prints.
278 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000097216-26-000105
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000097216-26-000071
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0000097216-25-000105
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000097216-25-000077
    Summary Compensation Table
  5. 0000097216-24-000119
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000097216-24-000085
    Summary Compensation Table
  7. 0000097216-23-000145
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000097216-22-000109
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000097216-21-000204
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000097216-20-000172
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000097216-19-000131
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000097216-18-000089
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Terex executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/TEX (accessed 2026).
Short form: data: Velarion

The paid brief for Terex

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Terex discloses

The companies named in TEX's own disclosed peer group.

AGCO CorporationAllison Transmission Holdings, Inc.BorgWarner Inc.Carlisle Companies Inc.Dana Inc.Dover CorporationFlowserve CorporationHubbell Inc.Lincoln Electric Holdings, Inc.Oshkosh CorporationPentair plcRegal Rexnord CorporationRockwell Automation, Inc.The Greenbrier Companies, Inc.The Timken CompanyTrinity Industries Inc.Westinghouse Air Brake Technologies Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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