FLR Form 144: David Constable proposes sale of 71,200 shares valued at $4.01M
Rhea-AI Filing Summary
David Constable filed a Form 144 disclosing a proposed sale of 71,200 shares of Fluor Corporation common stock through Merrill Lynch, showing an aggregate market value of $4,014,800.00 and an approximate sale date of 08/11/2025 on the NYSE. The filing records that the securities were originally acquired on 03/06/2024 as restricted stock from Fluor Corporation under an equity award, totaling 277,649 shares acquired on that date.
The notice also itemizes recent insider sales: 38,600 shares on 07/03/2025 (gross proceeds $2,009,702.05), 40,000 on 06/16/2025 (gross proceeds $2,003,972.04), and 40,800 on 06/11/2025 (gross proceeds $1,997,302.47). The filing states total shares outstanding of 161,664,371 and includes the filer’s representation that they are not aware of any undisclosed material adverse information about the issuer.
Positive
- Full compliance disclosure with Rule 144: proposed sale, acquisition details, broker, and recent sales with gross proceeds are all reported
- Acquisition basis disclosed (restricted stock received under an equity award on 03/06/2024), improving transparency about insider holdings
Negative
- None.
Insights
TL;DR: Routine insider Form 144 showing proposed sale and prior transactions; amounts disclosed but not material in isolation.
The filing documents a proposed disposition of 71,200 Fluor shares and lists three recent sales totaling 119,400 shares with gross proceeds disclosed for each trade. The securities were acquired as restricted stock under an equity award on 03/06/2024. For investors, this is primarily a transparency and compliance update under Rule 144 rather than a new operational development. Transaction sizes and explicit gross proceeds are provided, enabling straightforward verification against market activity.
TL;DR: Filing reflects standard insider reporting and includes the required attestation about material nonpublic information.
The Form 144 provides the necessary disclosures: identity of the seller shown in prior-sales entries, acquisition details (restricted stock, equity award), broker name, and amounts. The inclusion of the filer’s representation that they do not possess undisclosed material adverse information is the prescribed compliance statement. This submission meets disclosure expectations but does not in itself change governance or operational outlook for the company.