Form 4: Sterling Infrastructure Executive Reports Stock Transactions

Mark D. Wolf, General Counsel and Corporate Secretary of Sterling Infrastructure, reports acquisition and disposal of common stock.

Summary

• On February 27, 2024, Mark D. Wolf, General Counsel and Corporate Secretary of Sterling Infrastructure, Inc., acquired 10,622 shares of common stock related to performance stock units (PSUs) from 2021, 2022, and 2023.
• The acquisition price was $0 per share as the shares were earned upon satisfying certain performance conditions.
• On the same day, Wolf disposed of 4,134 shares at a price of $106.22 per share to satisfy the company's tax withholding requirements.
• Following these transactions, Wolf beneficially owns 35,048 shares of Sterling Infrastructure, Inc.
• Of these shares, 6,188 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive, with no indication of unusual or concerning activity. The sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax-related stock sales.

Key Dates