Form 4: Fluor Corp CEO David Constable Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
David Constable, Chairman and CEO of Fluor Corp, reports the withholding of 143,756 shares to cover tax obligations upon the vesting of restricted stock units and performance units.
Summary
- On March 6, 2025, Fluor Corp's Chairman and CEO, David E Constable, had 143,756 shares of common stock withheld by the issuer to satisfy tax obligations.
- This withholding occurred in connection with the vesting of 114,793 restricted stock units and 260,824 performance units.
- Following the transaction, Constable directly owns 911,427 shares of Fluor Corp common stock.
- The withholding of shares was automatic upon vesting, with no investment decision made by Constable.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of transaction: Share withholding for tax obligations. |
| 03/10/2025 | Date of signature on the report. |
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