Form 4: Sterling Infrastructure Executive Reports Stock Transactions and RSU Grant

Mark D. Wolf, General Counsel and Corporate Secretary of Sterling Infrastructure, reports stock transactions related to tax withholding and a grant of restricted stock units.

Summary

• On December 31, 2024, Mark D. Wolf, General Counsel and Corporate Secretary of Sterling Infrastructure, had 1,382 common shares withheld by the company to cover tax obligations at a price of $168.45 per share.
• Following this transaction, Wolf directly owned 28,166 shares.
• On January 1, 2025, Wolf was granted 818 time-vested restricted stock units (RSUs).
• These RSUs will vest in equal installments on December 31, 2025, December 31, 2026, and December 31, 2027, contingent upon continued service.
• After the RSU grant, Wolf's total direct holdings increased to 28,984 shares, with 3,312 of these shares subject to restrictions on sale or transfer and potential forfeiture.
• Wolf has a Power of Attorney naming Joseph A. Cutillo, Sharon Villaverde and Mark D. Wolf as attorneys-in-fact to execute Forms 3, 4, 5, and 144 on his behalf.

Sentiment

Score: 6

Explanation: The document is neutral, reporting routine stock transactions and RSU grants. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The grant of restricted stock units to the General Counsel aligns his 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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock transactions and RSU grants have a minor impact on shareholders as they reflect standard compensation practices.

Key Dates