Form 4: Fluor Corp Executive Thomas P. D'Agostino Reports Share Disposal for Tax Obligations

Thomas P. D'Agostino, a Group President at Fluor Corp, reported disposing of shares to cover tax obligations upon the vesting of restricted stock units and performance units.

Summary

• On March 6, 2024, Thomas P. D'Agostino, a Group President at Fluor Corp, disposed of 20,136 shares of common stock to satisfy tax withholding obligations.
• This disposal occurred automatically upon the vesting of 16,595 restricted stock units and 36,136 performance units.
• The price per share for the disposal was $36.68.
• Following the transaction, D'Agostino directly owns 145,655.34 shares of common stock and indirectly owns 1,480.4695 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, the sentiment is neutral.

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.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units and performance units, which vest over time and are subject to tax obligations.
• The practice of disposing of shares to cover tax withholding is common among executives receiving equity compensation.
• Comparing D'Agostino's holdings and transactions to those of executives at similar companies (e.g., Jacobs Engineering, AECOM) would provide further context.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations related to executive compensation.
• Employees may be indirectly affected by the company's overall financial performance, which can be influenced by executive decisions and compensation structures.

Key Dates