Joseph A. Cutillo - Feb 27, 2024 Form 4 Insider Report for STERLING INFRASTRUCTURE, INC. (STRL)

Signature
Ronald A. Ballschmiede (Under a Power of Attorney)
Stock symbol
STRL
Transactions as of
Feb 27, 2024
Transactions value $
-$3,876,924
Form type
4
Date filed
2/29/2024, 05:46 PM
Previous filing
Jan 8, 2024
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Award $0 +100K +15.08% $0.00 765K Feb 27, 2024 Direct F1
transaction STRL Common Stock Tax liability -$3.88M -36.5K -4.77% $106.22 728K Feb 27, 2024 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 2021, 2022, and 2023 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 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.
F3 Of these shares, 62,190 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.