Joseph A. Cutillo - Mar 1, 2022 Form 4 Insider Report for STERLING CONSTRUCTION CO INC (STRL)

Role
Chief Executive Officer
Signature
Ron Ballschmiede under a Power of Attorney
Stock symbol
STRL
Transactions as of
Mar 1, 2022
Transactions value $
-$3,939,584
Form type
4
Date filed
3/3/2022, 02:21 PM
Previous filing
Feb 17, 2022
Next filing
Nov 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Award $0 +375K +65.27% $0.00 950K Mar 1, 2022 Direct F1
transaction STRL Common Stock Tax liability -$3.94M -140K -14.75% $28.12 810K Mar 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 Represents shares earned in respect to PSU's granted in 2018, 2019, 2020 and 2021 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 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.
F3 Of these shares, 108,318 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.