Ronald A. Ballschmiede - Dec 31, 2021 Form 4 Insider Report for STERLING CONSTRUCTION CO INC (STRL)

Role
EVP & CFO
Signature
Ron Ballschmiede
Stock symbol
STRL
Transactions as of
Dec 31, 2021
Transactions value $
-$210,163
Form type
4
Date filed
1/4/2022, 04:43 PM
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Tax liability -$210K -7.99K -3.14% $26.30 246K Dec 31, 2021 Direct F1
transaction STRL Common Stock Award $0 +13.7K +5.55% $0.00 260K Jan 1, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 award was made.
F2 Represents the grant of time-vested restricted stock units that will vest in one-third increments on each of December 31, 2022 and the next two anniversaries thereof, provided the service conditions aresatisfied.
F3 The total share ownership includes 1,254 shares acquired by the Reporting Person under the Company's 2019 Employee Stock Purchase Plan. Of the total share ownership, 31,950 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.