Form 4: Sterling Infrastructure CFO Nicholas Grindstaff Receives Significant Equity Grant

Nicholas M. Grindstaff, Chief Financial Officer of Sterling Infrastructure, Inc., was granted a total of 5,560 restricted stock units on July 10, 2025, as part of his compensation package.

Summary

• Nicholas M. Grindstaff, the Chief Financial Officer (CFO) of STERLING INFRASTRUCTURE, INC. (STRL), was the reporting person for this transaction.
• On July 10, 2025, Mr. Grindstaff was granted 5,000 restricted stock units (RSUs) in connection with his joining the Issuer.
• These 5,000 RSUs are scheduled to vest in one-third increments on July 10, 2026, and on the next two anniversaries thereafter, provided service conditions are satisfied.
• Additionally, on July 10, 2025, Mr. Grindstaff received a grant of 560 time-vested restricted stock units.
• These 560 RSUs will vest in one-third increments on December 31, 2025, and on the next two anniversaries thereafter, contingent on service conditions being met.
• The acquisition price for both grants of restricted stock units was $0 per unit.
• Following these reported transactions, Mr. Grindstaff directly beneficially owns a total of 5,560 common shares.

Sentiment

Score: 7

Explanation: The sentiment is positive as the document details a standard and beneficial equity grant to a key executive, aligning his interests with the company's long-term performance. This is a routine compensation event rather than a performance indicator.

Positives

• The grant of restricted stock units aligns the Chief Financial Officer's long-term interests with those of the shareholders, incentivizing performance and retention.
• Equity compensation is a standard and effective method for attracting and retaining high-caliber executive talent.

Risks

• The vesting of the restricted stock units is contingent upon the satisfaction of service conditions, meaning the CFO must remain employed by the company for the shares to vest.

Future Outlook

The future outlook indicates that Nicholas M. Grindstaff's equity ownership in Sterling Infrastructure, Inc. will increase over the next three years as his restricted stock units vest, provided he continues to meet service conditions.

Management Comments

• The grant of 5,000 restricted stock units was awarded to the Reporting Person in connection with his joining the Issuer.

Industry Context

The granting of restricted stock units to key executives, particularly a Chief Financial Officer, is a common practice across various industries, including infrastructure. This form of compensation is widely used to attract, retain, and motivate senior management by linking their financial success directly to the company's long-term performance and shareholder value.

Comparison to Industry Standards

• Equity grants, such as restricted stock units, are a standard component of executive compensation packages in publicly traded companies, including those in the infrastructure sector.
• The vesting schedule, typically over several years, is consistent with industry norms designed to ensure long-term commitment and alignment of executive interests with shareholder returns.
• While specific comparable companies or projects are not detailed in this filing, the structure of this grant aligns with general compensation practices observed at companies like Granite Construction Inc. (GVA) or MasTec, Inc. (MTZ), where executive equity incentives are prevalent.

Management Changes

Stakeholder Impact

• Shareholders: The grant of restricted stock units could lead to minor dilution upon vesting, but it also serves to align the interests of a key executive with shareholder value creation.
• Employees: No direct impact on the broader employee base is indicated by this specific filing.

Next Steps

• Monitoring the vesting of the restricted stock units on their scheduled dates: December 31, 2025, July 10, 2026, and subsequent anniversaries.

Key Dates

Keywords

Sterling Infrastructure, STRL, Nicholas M. Grindstaff, Chief Financial Officer, CFO, Restricted Stock Units, RSU, Equity Grant, Executive Compensation, Insider Transaction, SEC Form 4