Form 4: Sterling Infrastructure Director Acquires Shares as Part of Compensation
SEC Form 4 Filing
Director Charles R. Patton acquired 1,074 shares of Sterling Infrastructure, Inc. common stock as part of the company's standard director compensation.
Summary
- On May 9, 2024, Charles R. Patton, a director of Sterling Infrastructure, Inc., acquired 1,074 shares of common stock.
- The acquisition was part of the company's standard director compensation arrangements for non-employee directors.
- Following the transaction, Patton directly owns 75,723 shares of Sterling Infrastructure, Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard compensation practice. The director's increased stake could be seen as a positive signal, but it's not a major event.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Industry Context
Director share acquisitions are common and often tied to compensation packages, aligning director interests with shareholder value.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of transaction: Charles R. Patton acquired 1,074 shares of Sterling Infrastructure, Inc. common stock. |
| 05/10/2024 | Date of signature: Ronald A. Ballschmiede signed the report under a Power of Attorney. |
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