Ronald A. Ballschmiede - Feb 28, 2023 Form 4 Insider Report for STERLING INFRASTRUCTURE, INC. (STRL)

Role
EVP & CFO
Signature
Ronald A. Ballschmiede (Under a Power of Attorney)
Stock symbol
STRL
Transactions as of
Feb 28, 2023
Transactions value $
-$521,825
Form type
4
Date filed
3/2/2023, 05:01 PM
Previous filing
Jan 4, 2023
Next filing
Jun 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Award $0 +34.3K +9.76% $0.00 386K Feb 28, 2023 Direct F1
transaction STRL Common Stock Tax liability -$522K -13.6K -3.52% $38.46 372K Feb 28, 2023 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 with respect to PSUs granted in 2020, 2021, and 2022 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, 26,749 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.