Form 4: Sterling Infrastructure Director Charles R. Patton Gifts Shares to Charity
SEC Form 4 Filing
Director Charles R. Patton of Sterling Infrastructure, Inc. reports gifting 1,122 shares of common stock to a charitable donor advised fund on May 15, 2024.
Summary
- On May 15, 2024, Charles R. Patton, a director of Sterling Infrastructure, Inc., gifted 1,122 shares of common stock to a charitable donor advised fund.
- The transaction did not involve any monetary exchange, as the shares were gifted.
- Following the transaction, Patton directly owns 74,601 shares of Sterling Infrastructure, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of a transaction. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding the transactions of company insiders. This filing indicates a gifting of shares, which is a common practice for charitable contributions.
Stakeholder Impact
- The gifting of shares has a minimal impact on shareholders, as it represents a small portion of the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Charles R. Patton gifted 1,122 shares of common stock. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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