BALLSCHMIEDE RONALD A 4
4 · STERLING INFRASTRUCTURE, INC. · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Transactions
- Tax Payment
Common Stock
2022-12-31$32.80/sh−6,747$221,302→ 339,360 total - Award
Common Stock
2023-01-01+11,943→ 351,303 total
Footnotes (4)
- [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]The total share ownership includes 929 shares acquired under the Company's 2019 Employee Stock Purchase Plan.
- [F3]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.
- [F4]Of the total share ownership, 26,749 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.