FLR Form 144 shows $4.0M planned insider sale of common stock
Rhea-AI Filing Summary
Fluor Corporation has a planned sale of 71,200 shares of its common stock under Rule 144. The shares are to be sold through Merrill Lynch on the NYSE, with an aggregate market value of $4,014,800 based on the figures provided. The filing states that there were 161,182,507 shares outstanding of this class at the time of the notice, giving context for the size of the transaction.
The shares being sold were acquired as restricted stock equity awards from Fluor Corporation on three dates: 50,608 shares on 03/06/2023, 18,323 shares on 12/23/2023, and 2,269 shares on 03/06/2024, with the payment described as equity awards rather than cash purchases. The notice also includes a representation that the seller does not know of undisclosed material adverse information about Fluor’s current or prospective operations.
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FAQ
What price information is implied in the Fluor Form 144 filing?
The filing shows an aggregate market value of $4,014,800 for 71,200 shares of Fluor common stock to be sold. This figure reflects the value used for the notice but does not itself set the actual future sale price.
Does the Form 144 for FLR include any representation about undisclosed information?
Yes. The notice includes a representation that the person for whose account the securities are to be sold does not know any material adverse information about Fluor’s current or prospective operations that has not been publicly disclosed.