Sterling Infrastructure (STRL) COO withholds 6,559 shares to cover tax liability
Rhea-AI Filing Summary
STERLING INFRASTRUCTURE, INC. Chief Operating Officer Daniel P. Govin reported a Form 4 transaction involving common stock. On 2026-08-06, 6,559 shares of common stock were retained by the company to satisfy tax withholding requirements arising from the release of restrictions on a restricted stock unit award. The withholding was valued at $536.08 per share, based on the closing price on the release date. After this tax-withholding disposition, Govin directly held 43,485 shares of common stock, of which 21,333 shares remain subject to sale and forfeiture restrictions.
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Insights
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Insider Trade Summary
Net Seller: 6,559 shares
Net Sell
1 txn
Insider
Govin Daniel P.
Role
Chief Operating Officer (COO)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 6,559 | $536.08 | $3.52M |
Holdings After Transaction:
Common Stock — 43,485 shares (Direct)
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, 21,333 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
Key Figures
Shares withheld for tax: 6,559 shares
Withholding price per share: $536.08 per share
Shares held after transaction: 43,485 shares
+1 more
4 metrics
Shares withheld for tax
6,559 shares
Common stock retained by the company to satisfy tax withholding requirements on 2026-08-06
Withholding price per share
$536.08 per share
Value used for tax-withholding shares based on closing price on release date
Shares held after transaction
43,485 shares
Direct common stock holdings of Daniel P. Govin following the reported transaction
Restricted shares outstanding
21,333 shares
Portion of Govin’s holdings still subject to restrictions and possible forfeiture
Key Terms
tax withholding requirements, restricted stock unit award, Code F, subject to restrictions
4 terms
tax withholding requirements financial
"to satisfy the Company's tax withholding requirements (based on the closing price"
restricted stock unit award financial
"arising from the release of restrictions as permitted by the plan pursuant to which the restricted stock unit award"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Code F financial
"transaction_code "F" indicates a payment of tax liability by delivering or withholding"
subject to restrictions financial
"Of these shares, 21,333 shares are subject to restrictions on their sale or other transfer"
FAQ
What insider transaction did STRL COO Daniel P. Govin report on this Form 4?
Daniel P. Govin reported a Code F transaction where 6,559 shares of Sterling Infrastructure common stock were retained by the company to cover tax withholding tied to a restricted stock unit release.
Was Govin’s STRL Form 4 transaction an open-market sale or a tax withholding?
The transaction was a tax-withholding disposition under Code F, where shares were retained by the company to cover tax liabilities, not an open-market sale or purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.