Sterling Infrastructure CFO reports tax share withholding
Sterling Infrastructure’s CFO Nicholas M. Grindstaff reported a tax-withholding disposition of 556 shares of common stock at $682.29 per share.
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Rhea-AI Filing Summary
Sterling Infrastructure’s CFO Nicholas M. Grindstaff reported a tax-withholding disposition of 556 shares of common stock at $682.29 per share. The shares were retained by the company to satisfy tax obligations from a restricted stock unit release. He now holds 6,037 shares directly, including 4,735 that remain subject to sale restrictions and potential forfeiture.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 556 | $682.29 | $379K |
Footnotes (2)
- F1. 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.
- F2. Of these shares, 4,735 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
Key Figures
Key Terms
tax withholding requirements financial
restricted stock unit award financial
release of restrictions financial
forfeiture financial
FAQ
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What insider transaction did STRL’s CFO Nicholas Grindstaff report?
Was the STRL CFO’s Form 4 transaction an open-market sale?
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