Form 4: Sterling Infrastructure EVP & CFO Ronald Ballschmiede Reports Stock Transactions

Ronald Ballschmiede, EVP & CFO of Sterling Infrastructure, reports acquisition of 28,464 shares and disposition of 10,974 shares to cover tax obligations.

Summary

• On February 27, 2024, Ronald A. Ballschmiede, the EVP & CFO of Sterling Infrastructure, Inc., acquired 28,464 shares of common stock.
• These shares were earned with respect to PSUs granted in 2021, 2022, and 2023 that have satisfied certain performance conditions.
• On the same day, Ballschmiede disposed of 10,974 shares to satisfy the company's tax withholding requirements.
• The disposition price was $106.22 per share.
• Following these transactions, Ballschmiede beneficially owns 289,460 shares of Sterling Infrastructure, Inc.
• Of these shares, 17,328 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive. The acquisition of shares due to performance metrics being met is mildly positive, but the sale for tax purposes is a standard procedure.

Positives

• The acquisition of shares indicates that performance conditions for PSUs were met, which could be viewed positively.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity by a key executive at Sterling Infrastructure.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership by a key executive.
• The tax withholding process impacts the executive's personal finances.

Key Dates