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STERLING INFRASTRUCTURE, INC. — Director's Dealing 2023
Mar 2, 2023
30705_dirs_2023-03-02_5f64474e-874d-40d0-92be-bb0a84cef6cd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STERLING INFRASTRUCTURE, INC. (STRL)
CIK: 0000874238
Period of Report: 2023-02-28
Reporting Person: CUTILLO JOSEPH A (Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-28 | Common Stock | A | 115312 | — | Acquired | 799662 | Direct |
| 2023-02-28 | Common Stock | F | 31554 | $38.46 | Disposed | 768108 | Direct |
| 2023-02-28 | Common Stock | S | 5002 | $40.14 | Disposed | 763106 | Direct |
| 2023-03-01 | Common Stock | S | 10235 | $40.21 | Disposed | 752871 | Direct |
Footnotes
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.