Form 4: Fluor Corp Executive Collins III Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Group President Alvin C. Collins III of Fluor Corp reports disposing of shares to cover tax obligations upon vesting of restricted stock units and performance units.
Summary
- On March 6, 2024, Fluor Corp's Group President, Alvin C. Collins III, disposed of 6,251 shares of common stock to satisfy tax withholding obligations.
- This disposal occurred automatically upon the vesting of 10,509 restricted stock units and 14,783 performance units held by Collins.
- The shares were disposed of at a price of $36.68 per share.
- Following the transaction, Collins directly owns 61,050 shares of Fluor Corp common stock and indirectly owns 226.5369 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction related to executive compensation and tax obligations; therefore, it carries a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: Disposal of shares to cover tax obligations; Vesting of restricted stock units and performance units. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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