Form 4 for STRL STERLING INFRASTRUCTURE, INC.
Accepted 2023-03-02 00:00:00 ET · period of report 2023-02-28 · accession 0000874238-23-000029 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-03-02 | 2023-02-28+ | STRL | CUTILLO JOSEPH A | CEO | S - Sale | $40.19 | -15.2K | 763.1K | -2% | -$612.3K |
| 2023-03-02 | 2023-02-28 | STRL | CUTILLO JOSEPH A | CEO | A - Grant | $0.00 | +115.3K | 799.7K | +17% | $0 | |
| 2023-03-02 | 2023-02-28 | STRL | CUTILLO JOSEPH A | CEO | F - Tax | $38.46 | -31.6K | 768.1K | -4% | -$1.21M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-01 | S | D | 10,235 | $40.21 | 752,871 | D | — | — | (F3) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 21, 2022. (F5) Transaction executed in multiple trades at prices ranging from $40.00 to $40.46 per share, inclusive. The price reported in column 4 above reflects the average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote. |
| 2 | Common | Common Stock | 2023-02-28 | S | D | 5,002 | $40.14 | 763,106 | D | — | — | (F3) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 21, 2022. (F4) Transaction executed in multiple trades at prices ranging from $40.00 to $40.42 per share, inclusive. The price reported in column 4 above reflects the average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote. |
| 3 | Common | Common Stock | 2023-02-28 | A | A | 115,312 | $0.00 | 799,662 | D | — | — | (F1) Represents shares earned with respect to PSUs granted in 2020, 2021, and 2022 that have satisfied certain performance conditions. |
| 4 | Common | Common Stock | 2023-02-28 | F | D | 31,554 | $38.46 | 768,108 | D | — | — | (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 taxwithholding 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. |