Fluor (FLR) CFO boosts stake with 15,801-share performance unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fluor Corp’s chief financial officer, John C. Regan, increased his direct stake through an equity award. He acquired 15,801 shares of common stock at no cost on the settlement of performance units granted in 2023 after a three-year performance period. Each performance unit converts into one share of Fluor common stock, bringing his direct holdings to 100,482 shares. This reflects the earning of prior performance-based compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Regan John C
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,801 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 100,482 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Fluor (FLR) report on this Form 4?
Fluor reported that its chief financial officer, John C. Regan, acquired 15,801 shares of common stock. These shares came from earned performance units granted in 2023, not from open-market purchases, and were issued at no cost when performance criteria were determined to be met.
What are the performance units mentioned in the Fluor (FLR) Form 4 filing?
The performance units are 2023 grants that convert into Fluor common stock if performance goals are met over a three-year period. Each performance unit represents a contingent right to receive one share, which the CFO received once the performance criteria were determined to have been achieved.