Form 4: Sterling Infrastructure Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ronald A. Ballschmiede, an EVP at Sterling Infrastructure, sold 3,992 shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- Ronald A. Ballschmiede, an Executive Vice President at Sterling Infrastructure, Inc., sold 3,992 shares of common stock on December 31, 2024.
- The sale was executed to cover tax withholding requirements arising from the vesting of restricted stock units.
- The shares were sold at a price of $168.45 per share.
- Following the transaction, Ballschmiede beneficially owns 244,603 shares of Sterling Infrastructure, Inc.
- This total includes 268 shares acquired through the company's 2019 Employee Stock Purchase Plan.
- Of the total shares owned, 7,189 are subject to restrictions on sale or transfer and potential forfeiture.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is neither positive nor negative from an investment perspective.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any specific trend or issue within the industry.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
- The number of shares sold and the price are consistent with typical transactions of this nature.
- Many companies use restricted stock units as part of their compensation packages, and the tax implications are usually handled through similar mechanisms.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.
- There is no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the stock sale transaction. |
| 01/03/2025 | Date of the signature on the SEC Form 4 filing. |
Keywords
insider trading, stock sale, executive compensation, restricted stock units, tax withholding, employee stock purchase plan, beneficial ownership, Sterling Infrastructure
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