Chandler Richard E Jr 4
4 · STERLING CONSTRUCTION CO INC · Filed Jan 3, 2020
Insider Transaction Report
Form 4
Chandler Richard E Jr
EVP, General Counsel & Sec
Transactions
- Tax Payment
Common Stock
2019-12-31$14.08/sh−1,919$27,020→ 44,098 total
Footnotes (2)
- [F1]These shares were part of restricted stock awards, a portion of which were released on December 31, 2019 and January 1, 2020. The 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 award was made.
- [F2]Of these shares, 21,574 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.