WADSWORTH CON L 4
4 · STERLING CONSTRUCTION CO INC · Filed Mar 5, 2020
Insider Transaction Report
Form 4
WADSWORTH CON L
Senior Vice President
Transactions
- Tax Payment
Common Stock
2020-03-03$14.68/sh−2,651$38,917→ 98,390 total - Award
Common Stock
2020-03-03+9,030→ 101,041 total
Footnotes (3)
- [F1]Represents shares earned in respect to performance-based stock units (PSUs) based on the Company's achievement of certain performance targets for the 2019-performance period, which were vested as shares of common stock.
- [F2]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 award was made.
- [F3]Of these shares, 37,560 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.