Form 4: Fluor Corp Executive Michael E. Alexander Reports Stock Transaction
SEC Form 4 Filing
Michael E. Alexander, a Group President at Fluor Corp, reported a transaction involving the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 6, 2025, Fluor Corp's Group President, Michael E. Alexander, had 1,894 shares of common stock withheld by the issuer to cover tax obligations.
- This withholding occurred automatically upon the vesting of 7,771 restricted stock units.
- The price per share for the withholding was $36.58.
- Following the transaction, Alexander directly owns 55,626.191 shares of common stock and indirectly owns 2,223.6626 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations, a common practice.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a standard procedure.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock transaction (withholding of shares for tax obligations). |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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