Form 4: Fluor Corp Executive Sells Shares to Cover Tax Obligations After Vesting of Restricted Stock and Performance Units
SEC Form 4 Filing
John C. Regan, EVP, Controller & CAO of Fluor Corp, disposed of shares to cover tax obligations following the vesting of restricted stock units and performance units.
Summary
- On March 6, 2024, John C. Regan, EVP, Controller & CAO of Fluor Corp, had 15,087 restricted stock units and 32,851 performance units vest.
- To satisfy the resulting tax withholding obligation, Fluor Corp withheld 14,889 shares of common stock at a price of $36.68 per share.
- Following the transaction, Regan directly owns 68,965 shares of Fluor Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction to cover tax obligations, which is a common practice.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like John C. Regan in this case, transact in their company's stock. These filings provide transparency into the trading activities of individuals with access to non-public information.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: Vesting of restricted stock units and performance units, and subsequent withholding of shares for tax obligations. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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