Fluor Insider Collins Exercises Options & Sells Shares via 10b5-1 Plan

Rhea-AI Filing Summary

Fluor Corporation (FLR) insider Alvin C. Collins III, Group President, filed a Form 4 detailing an option exercise and immediate share sale on 07 Jul 2025. He exercised 2,988 employee stock options at a strike price of $46.07 and sold the same number of common shares at a weighted-average price of $52.1315, all under a pre-arranged 10b5-1 plan adopted 05 Dec 2024. The gross transaction value is roughly $155.8 thousand, representing a per-share spread of about $6.06. Following the trade, Collins still holds 64,383 shares directly and 226.6228 shares indirectly through the company 401(k) plan, maintaining a sizeable equity stake. The 2017 option grant reported is now fully exercised, leaving no derivative securities outstanding.

Positive

• Large residual holding: Collins still owns 64,383 shares directly, signaling ongoing alignment with shareholders.
• 10b5-1 plan execution reduces concerns about opportunistic trading or material non-public information.

Negative

• Insider sale event: Disposal of shares, even if small, can be interpreted as reduced short-term confidence.
• No remaining options: Full exercise exhausts this incentive grant, potentially lowering future alignment through option-based compensation.

Insights

Securities Analyst

TL;DR: Modest insider sale via 10b5-1; neutral signal given small size relative to holdings.

The sale involves only 2,988 shares—about 4.4% of Collins’ direct stake—suggesting it is primarily liquidity-driven rather than a bearish call on FLR. Execution under a 10b5-1 plan further reduces informational concern. Spread between strike and sale price implies realized gain of ~$18k after taxes, immaterial to company valuation. From a trading perspective, Form 4 lacks market-moving data and should be viewed as neutral.

Corporate Governance Expert

TL;DR: Insider selling is modest but still a slight negative governance optic.

While compliant with Rule 10b5-1, the transaction reduces insider ownership marginally and may raise mild questions about management’s short-term confidence. However, Collins retains over 64k shares, and the sale is linked to option exercise—typical for covering taxes or diversification. Overall governance impact is minimally negative and unlikely to alter shareholder sentiment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Collins Alvin C III

(Last) (First) (Middle)

C/O FLUOR CORPORATION

6700 LAS COLINAS BLVD

(Street)

IRVING TX 75039

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FLUOR CORP [ FLR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GROUP PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/03/2025		M(1)		2,988	A	$46.07	67,371	D
Common Stock	07/03/2025		S(1)		2,988	D	$52.1315(2)	64,383	D
Common Stock								226.6228	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$46.07	07/03/2025		M(1)			2,988	(3)	02/23/2026	Common Stock	2,988	$0	0	D

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 5, 2024.

2. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $52.00 to $52.15, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The options vested in three equal annual installments beginning on March 6, 2017.

	/s/ Eric P. Helm by Power of Attorney	07/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Fluor (FLR) shares did the insider sell?

Alvin C. Collins III sold 2,988 common shares on 07 Jul 2025.

What price did the FLR shares sell for?

The weighted-average sale price was $52.1315 per share, with trades ranging $52.00–$52.15.

Was the transaction under a 10b5-1 trading plan?

Yes, the Form 4 states the trades were executed under a 10b5-1 plan adopted 05 Dec 2024.

How many Fluor shares does the insider still hold after the sale?

Collins holds 64,383 shares directly and 226.6228 shares indirectly via the 401(k) plan.

What was the strike price of the exercised options?

The employee stock options had a strike price of $46.07 per share.

Are any derivative securities remaining after this transaction?

No. The option grant reported is now fully exercised, leaving zero remaining options.