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

Role
Chief Executive Officer
Signature
Ron Ballschmiede
Stock symbol
STRL
Transactions as of
Dec 31, 2021
Transactions value $
-$614,342
Form type
4
Date filed
1/4/2022, 04:47 PM
Previous filing
Nov 24, 2021
Next filing
Feb 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Tax liability -$614K -23.4K -4.19% $26.30 534K Dec 31, 2021 Direct F1
transaction STRL Common Stock Award $0 +47.3K +8.86% $0.00 581K 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 unit 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 are satisfied.
F3 Of the total share ownership, 108,318 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.