Form 4: Sterling Infrastructure CEO Joseph Cutillo Sells Shares Under 10b5-1 Trading Plan

Sterling Infrastructure's CEO, Joseph Cutillo, sold 19,674 shares of common stock on April 2, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 2, 2024, Joseph Cutillo, the CEO of Sterling Infrastructure, Inc., sold 19,674 shares of the company's common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 20, 2023.
• The transactions occurred at prices ranging from $104.95 to $107.50 per share, with an average sale price of $105.569.
• Following the reported transaction, Cutillo beneficially owns 428,459 shares of Sterling Infrastructure, Inc.
• Of these shares, 62,190 are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates