Fluor (NYSE: FLR) CEO has shares withheld to cover tax obligation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fluor Corp CEO James R. Breuer reported an automatic tax-withholding disposition of 14,435 shares of common stock on the vesting of 19,296 restricted stock units and 17,381 performance units. The shares were withheld by the company to satisfy tax obligations, and the footnote states no investment decision was made by Breuer. After these transactions, he holds 165,703 shares directly and 306.89 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Breuer James R
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 14,435 | $45.08 | $651K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 165,703 shares (Direct);
Common Stock — 306.89 shares (Indirect, By 401(k) Plan)
Footnotes (1)
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FAQ
What insider transaction did Fluor (FLR) CEO James R. Breuer report?
James R. Breuer reported an automatic tax-withholding disposition of 14,435 Fluor common shares. These shares were withheld by the company when his restricted stock units and performance units vested, solely to cover tax obligations rather than representing an open-market sale or discretionary trade.
What does transaction code F mean in the Fluor (FLR) CEO Form 4?
Transaction code F indicates payment of tax liability or exercise price by delivering securities. For Fluor CEO James R. Breuer, 14,435 shares were withheld automatically to satisfy tax obligations arising from vested restricted stock units and performance units, rather than representing an open-market share sale.