Mark D. Wolf - 31 Dec 2022 Form 4 Insider Report for STERLING INFRASTRUCTURE, INC. (STRL)

Role
General Counsel, Corporate Sec
Signature
Ronald A. Ballschmiede (Under a Power of Attorney)
Issuer symbol
STRL
Transactions as of
31 Dec 2022
Net transactions value
-$58,253
Form type
4
Filing time
04 Jan 2023, 14:45:07 UTC
Previous filing
22 Dec 2022
Next filing
02 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRL Common Stock Tax liability $58,253 -1,776 -5.1% $32.80 32,814 31 Dec 2022 Direct F1
transaction STRL Common Stock Award $0 +4,494 +14% $0.000000 37,308 01 Jan 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents the grant of time-vested restricted stock units that will vest in one-third increments on each of December 31, 2023 and the next two anniversaries thereof, provided the service conditions are satisfied.
F3 Of the total share ownership, 18,340 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.