CUTILLO JOSEPH A sold STRL
February 27, 2024 · Form 4 insider transaction
CUTILLO JOSEPH A sold 36,499 shares of Sterling Infrastructure, Inc. at $106.22 per share, a transaction worth $3.88M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
These shares were retained by the Company at the election of the Reporting Person pursuant to a procedure approved by the Compensation Committee of the Board of Directors to satisfy the Company's tax withholding requirements (based on the closing price of the Company's common stock on the release date) arising from the release of restrictions as permitted by the plan pursuant to which the restricted stock unit award was made.; Of these shares, 62,190 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.