Sterling Infrastructure GC reports equity award, tax withholding
STERLING INFRASTRUCTURE, INC.
Rhea-AI Filing Summary
STERLING INFRASTRUCTURE, INC. General Counsel and Corporate Secretary Mark D. Wolf reported equity compensation activity in company common stock. He acquired 2,996 shares at no cost as shares earned from performance stock units granted in 2023 after meeting performance conditions. To cover related tax withholding, 1,193 shares were retained by the company based on a share value of $455.25, treated as a disposition for tax purposes rather than an open-market sale. After these transactions, he directly owns 30,637 shares of common stock, including 1,505 shares that remain subject to transfer restrictions and potential forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,996 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,193 | $455.25 | $543K |
Footnotes (3)
- F1. Represents shares earned with respect to PSUs granted in 2023 that have satisfied certain performance conditions.
- F2. These shares were retained by the Company at the election of the Reporting Person pursuant to a procedure approved by the Compensation Committee of the Board of Directors to satisfy the Company's tax withholding requirements (based on the closing price of the Company's common stock on the release date) arising from the release of restrictions as permitted by the plan pursuant to which the restricted stock unit award was made.
- F3. Of these shares, 1,505 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
FAQ
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What insider transactions did STRL executive Mark D. Wolf report on this Form 4?
Was the STRL Form 4 transaction an open-market buy or sell by Mark D. Wolf?
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