Form 4: Sterling Infrastructure CFO Sharon Villaverde Reports Stock Transactions

Sharon Villaverde, CFO & CAO of Sterling Infrastructure, Inc., reports the acquisition and disposal of company stock, including shares withheld for tax obligations and the grant of restricted stock units.

Summary

• On December 31, 2024, Sharon Villaverde, CFO & CAO of Sterling Infrastructure, Inc., had 225 shares of common stock withheld by the company to cover tax obligations at a price of $168.45 per share.
• On January 1, 2025, Ms. Villaverde was granted 1,434 restricted stock units (RSUs) at a price of $0.
• Following these transactions, Ms. Villaverde beneficially owns 11,550 shares of Sterling Infrastructure, Inc.
• Of these shares, 11,073 are subject to restrictions on their sale or transfer and to forfeiture under certain circumstances.
• Ms. Villaverde also has a Power of Attorney naming Joseph A. Cutillo, Sharon Villaverde, and Mark D. Wolf as her attorneys-in-fact to execute Forms 3, 4, 5, and 144 on her behalf.

Sentiment

Score: 6

Explanation: The document is a routine filing related to stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The grant of restricted stock units to the CFO aligns her interests with the long-term performance of the company.

Future Outlook

The restricted stock units will vest in one-third increments on each of December 31, 2025, and the next two anniversaries thereof, provided the service conditions are satisfied.

Industry Context

Executive compensation through stock and restricted stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies, including competitors like Granite Construction and Fluor Corporation.
• The vesting schedule of the restricted stock units is typical, often spanning several years to incentivize long-term commitment.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholders due to the change in beneficial ownership.
• The vesting of restricted stock units incentivizes the CFO to contribute to the company's long-term success, potentially benefiting employees and other stakeholders.

Next Steps

• The restricted stock units will vest in tranches on December 31, 2025, and the subsequent two anniversaries, contingent on continued service.

Key Dates