Sterling Infrastructure CEO awarded 30,488 shares
STERLING INFRASTRUCTURE, INC.
Rhea-AI Filing Summary
STERLING INFRASTRUCTURE, INC. Chief Executive Officer Joseph A. Cutillo reported equity compensation activity involving company common stock. He acquired 30,488 shares through a grant classified as a “grant, award, or other acquisition,” with no cash price per share reported for this award.
On the same date, 11,668 shares were disposed of in a transaction coded as a tax-withholding disposition at a price of $455.25 per share, with shares retained by the company to satisfy tax obligations tied to the release of prior performance-based stock units. After these transactions, Cutillo directly owned 490,593 common shares, and 20,754 of these remained subject to sale or transfer restrictions and potential forfeiture under certain conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,488 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 11,668 | $455.25 | $5.31M |
Footnotes (3)
- F1. Represents shares earned in respect to PSU's 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, 20,754 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did STRL CEO Joseph A. Cutillo report?
What type of equity award did STRL’s CEO earn in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.