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

Signature
Ronald A. Ballschmiede (Under a Power of Attorney)
Issuer symbol
STRL
Transactions as of
27 Feb 2024
Net transactions value
-$3,876,924
Form type
4
Filing time
29 Feb 2024, 17:46:34 UTC
Previous filing
08 Jan 2024
Next filing
22 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Award $0 +100,250 +15% $0.000000 764,958 27 Feb 2024 Direct F1
transaction STRL Common Stock Tax liability $3,876,924 -36,499 -4.8% $106.22 728,459 27 Feb 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.