Equity award and tax withholding reported by Sterling Infrastructure (STRL) counsel
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Wolf Mark D.
Role
General Counsel, Corporate Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,996 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,193 | $455.25 | $543K |
Holdings After Transaction:
Common Stock — 31,830 shares (Direct)
Footnotes (1)
- Represents shares earned with respect to PSUs granted in 2023 that have satisfied certain performance conditions. 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. Of these shares, 1,505 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
FAQ
What insider transactions did STRL executive Mark D. Wolf report on this Form 4?
Mark D. Wolf reported an equity award and related tax withholding. He acquired 2,996 shares of Sterling Infrastructure common stock from earned performance stock units and disposed of 1,193 shares that were retained by the company to satisfy tax withholding obligations.
Was the STRL Form 4 transaction an open-market buy or sell by Mark D. Wolf?
The Form 4 shows no open-market buy or sell. Wolf received 2,996 shares as a performance-based equity award, and 1,193 shares were withheld by the company to cover taxes, classified as a tax-withholding disposition rather than a market sale.