Joseph A. Cutillo - Dec 31, 2022 Form 4 Insider Report for STERLING INFRASTRUCTURE, INC. (STRL)

Role
Chief Executive Officer
Signature
Ronald A. Ballschmiede (Under a Power of Attorney)
Stock symbol
STRL
Transactions as of
Dec 31, 2022
Transactions value $
-$706,381
Form type
4
Date filed
1/4/2023, 02:45 PM
Previous filing
Nov 7, 2022
Next filing
Jan 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Tax liability -$706K -21.5K -2.83% $32.80 739K Dec 31, 2022 Direct F1, F2
transaction STRL Common Stock Award $0 +45.7K +6.19% $0.00 784K Jan 1, 2023 Direct F3, F4
* 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 The total share ownership includes 547 shares acquired under the Company's 2019 Employee Stock Purchase Plan.
F3 Represents the grant of time-vested restricted stock units that will vest in one-third increments on each of December 31, 2023 and the next two anniversaries thereof, provided the service conditions are satisfied.
F4 Of the total share ownership, 96,394 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.