Form 4: Fluor Corp EVP, CFO Joseph L. Brennan Sells Shares Under 10b5-1 Trading Plan

Joseph L. Brennan, EVP and CFO of Fluor Corp, sold 31,260 shares of common stock at a weighted average price of $46.654 per share on September 5, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 5, 2024, Joseph L. Brennan, the EVP and CFO of Fluor Corp, sold 31,260 shares of Fluor Corp common stock.
• The sale was executed at a weighted average price of $46.654 per share.
• The shares were sold in multiple transactions with prices ranging from $46.37 to $47.165.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 6, 2024.
• Following the transaction, Brennan directly owns 73,168.999 shares of Fluor Corp common stock.
• Brennan also indirectly owns 3,393.4836 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, as it's simply a report of a transaction.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock. The use of a 10b5-1 trading plan suggests that the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale by a high-ranking executive could potentially create uncertainty among shareholders, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates