Cutillo Joseph A's Form 4 filing
Sterling Infrastructure, Inc. (STRL) · filed Mar 2, 2023
- Accession no.
- 0000874238-23-000029
- Filed
- Mar 2, 2023
- Trade date
- Feb 28-Mar 1, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions. Open-market sales total $612.3K. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Cutillo Joseph ACIK 0001671928 | Officer (Chief Executive Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 28, 2023 | Common Stock | AGrant or awardAcquired | +115,312 | $0.00F1 | $0 | 799,662 | Direct | |
| Feb 28, 2023 | Common Stock | FTax withholdingDisposed | −31,554 | $38.46F2 | −$1,213,566.84 | 768,108 | Direct | |
| Feb 28, 2023 | Common Stock | SSaleDisposed | −5,002 | $40.14F4 | −$200,780.28 | 763,106 | Direct | |
| Mar 1, 2023 | Common Stock | SSaleDisposed | −10,235 | $40.21F5 | −$411,549.35 | 752,871 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents shares earned with respect to PSUs granted in 2020, 2021, and 2022 that have satisfied certain performance conditions.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.