Joseph A. Cutillo - Feb 28, 2023 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
Feb 28, 2023
Transactions value $
-$1,825,896
Form type
4
Date filed
3/2/2023, 05:02 PM
Previous filing
Jan 25, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Award $0 +115K +16.85% $0.00 800K Feb 28, 2023 Direct F1
transaction STRL Common Stock Tax liability -$1.21M -31.6K -3.95% $38.46 768K Feb 28, 2023 Direct F2
transaction STRL Common Stock Sale -$201K -5K -0.65% $40.14 763K Feb 28, 2023 Direct F3, F4
transaction STRL Common Stock Sale -$412K -10.2K -1.34% $40.21 753K Mar 1, 2023 Direct F3, F5
* 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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 21, 2022.
F4 Transaction executed in multiple trades at prices ranging from $40.00 to $40.42 per share, inclusive. The price reported in column 4 above reflects the average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F5 Transaction executed in multiple trades at prices ranging from $40.00 to $40.46 per share, inclusive. The price reported in column 4 above reflects the average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.