Form 4: Fluor Corp Executive James R. Breuer Reports Share Withholding for Tax Obligations

James R. Breuer, Group President of Fluor Corp, reports the withholding of 6,248 shares of common stock to cover tax obligations upon the vesting of restricted stock units and performance units on March 6, 2024.

Summary

• On March 6, 2024, James R. Breuer, a Group President at Fluor Corp, had 6,248 shares of common stock withheld by the issuer.
• This withholding was to satisfy tax obligations resulting from the vesting of 10,509 restricted stock units and 14,783 performance units.
• The shares were withheld at a price of $36.68 per share.
• Following the transaction, Breuer directly owns 57,495 shares of common stock and indirectly owns 306.8029 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock transactions related to executive compensation, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It reflects the standard practice of withholding shares to cover taxes upon the vesting of equity-based compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a common practice.
• It affects the reporting person's holdings, aligning their interests with the company's performance.

Key Dates