Sterling Infrastructure (STRL) CEO awarded 40,000 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CUTILLO JOSEPH A reported acquisition or exercise transactions in this Form 4 filing.
Sterling Infrastructure, Inc. Chief Executive Officer Joseph A. Cutillo received a grant of 40,000 shares of common stock in the form of time-vested restricted stock units. These units will vest on December 31, 2027, if specified service conditions are met.
Following this grant, Cutillo directly holds 330,593 shares of common stock. Of this amount, 60,754 shares are subject to restrictions on sale or transfer and may be forfeited under certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CUTILLO JOSEPH A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 40,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 330,593 shares (Direct, null)
Footnotes (1)
- Represents the grant of time-vested restricted stock units that will vest on December 31, 2027, provided the service conditions are satisfied. Of these shares, 60,754 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
Key Figures
RSU grant size: 40,000 shares
Grant price per share: $0.00 per share
Vesting date: December 31, 2027
+2 more
5 metrics
RSU grant size
40,000 shares
Time-vested restricted stock units granted to CEO
Grant price per share
$0.00 per share
Compensation award, not open-market purchase
Vesting date
December 31, 2027
RSUs vest if service conditions are satisfied
Total direct holdings
330,593 shares
Common stock held by CEO after the grant
Restricted shares outstanding
60,754 shares
Portion of CEO holdings subject to restrictions and forfeiture
Key Terms
restricted stock units, time-vested, forfeiture
3 terms
restricted stock units financial
"Represents the grant of time-vested restricted stock units that will vest on December 31, 2027"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-vested financial
"Represents the grant of time-vested restricted stock units that will vest on December 31, 2027"
Time-vested describes a right—such as stock options, restricted shares, or pension benefits—that becomes fully owned by an individual only after they have waited for or worked through a specified period. For investors, it matters because these delayed ownership rules affect when insiders or employees can sell shares, which influences share supply, executive incentives, and the timing of potential stock dilution or insider-driven stock sales.
forfeiture financial
"subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances"
FAQ
What did STRL CEO Joseph Cutillo report in this Form 4 filing?
Joseph Cutillo reported receiving a grant of 40,000 time-vested restricted stock units in Sterling Infrastructure common stock. These awards are part of his compensation and increase his direct holdings, subject to vesting and forfeiture conditions.
When do Joseph Cutillo’s newly granted STRL restricted stock units vest?
The 40,000 time-vested restricted stock units granted to Joseph Cutillo are scheduled to vest on December 31, 2027. Vesting depends on satisfying the specified service conditions through that date under the company’s equity compensation terms.
Was this STRL insider transaction an open-market purchase or sale?
This transaction was a grant or award acquisition of 40,000 restricted stock units, not an open-market purchase or sale. The shares were received as compensation at no cash cost per share, according to the Form 4 transaction code and pricing details.