Fluor (NYSE: FLR) exec has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fluor Corp Group President Pierre Edward Bechelany reported an automatic tax-withholding share disposition tied to restricted stock unit vesting. On March 6, 2026, 7,658 restricted stock units vested, and the company withheld 1,929 shares of common stock at $45.08 per share to cover related taxes. The footnote explains this withholding occurred automatically upon vesting and involved no investment decision by Bechelany. After the transaction, he directly owned 41,064 shares of Fluor common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bechelany Pierre Edward
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,929 | $45.08 | $87K |
Holdings After Transaction:
Common Stock — 41,064 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,929 shares
Restricted stock units vested: 7,658 units
Per-share value for withheld shares: $45.08 per share
+1 more
4 metrics
Shares withheld for taxes
1,929 shares
Common Stock withheld on March 6, 2026
Restricted stock units vested
7,658 units
RSUs vested on March 6, 2026
Per-share value for withheld shares
$45.08 per share
Value used in tax-withholding disposition
Shares owned after transaction
41,064 shares
Direct Fluor common stock holdings post-transaction
Key Terms
restricted stock units, tax withholding obligation, vesting
3 terms
restricted stock units financial
"In connection with the vesting of 7,658 restricted stock units held by the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"the Issuer has withheld 1,929 shares of common stock to satisfy the resulting tax withholding obligation"
vesting financial
"In connection with the vesting of 7,658 restricted stock units held by the Reporting Person on March 6, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Fluor (FLR) executive Pierre Edward Bechelany report in this Form 4?
Pierre Edward Bechelany reported an automatic tax-related share disposition. When 7,658 restricted stock units vested on March 6, 2026, Fluor withheld 1,929 common shares at $45.08 per share to satisfy tax obligations, leaving him with 41,064 shares directly owned afterward.
Was the Fluor (FLR) Form 4 transaction an open-market sale by the executive?
No, the transaction was not an open-market sale. Shares were automatically withheld by the company when restricted stock units vested to cover tax obligations. The filing states no investment decision was made by Pierre Edward Bechelany regarding this withholding event.
What triggered the tax-withholding disposition reported in Fluor (FLR) executive’s Form 4?
The tax-withholding disposition was triggered by the vesting of 7,658 restricted stock units. Upon vesting on March 6, 2026, Fluor automatically withheld 1,929 common shares to satisfy the resulting tax withholding obligation, as described in the Form 4 footnote.