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.
Fluor Corporation has announced that its former Chief Legal Officer and Corporate Secretary, John R. Reynolds, has entered into a consulting agreement through the company's subsidiary FDEE Consulting. The agreement, effective June 19, 2025, establishes the following key terms:
- Reynolds will provide advisory and consultation services at a rate of $590 per hour
- The consulting period is set for up to six months
- The agreement will be fully detailed in Fluor's quarterly report for Q2 2025
The filing was signed by Kevin B. Hammonds, who now serves as Executive Vice President, Chief Legal Officer and Corporate Secretary, indicating a leadership transition in Fluor's legal department. This Form 8-K reflects a material change in management structure and ongoing relationship with a former key executive.