Wolf Mark D. 4
4 · STERLING INFRASTRUCTURE, INC. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Sterling Infrastructure (STRL) GC Mark D. Wolf Receives Award, Sells Shares
What Happened
- Mark D. Wolf, General Counsel and Corporate Secretary of Sterling Infrastructure (STRL), reported the release of 2,996 performance-share units (PSUs) on 2026-02-25. Those PSUs were awarded at $0 cost but had market value.
- To satisfy tax withholding tied to the PSU release, 1,193 shares were retained/disposed by the company at $455.25 per share for a total of $543,113. Net to Wolf were 1,803 shares (2,996 awarded minus 1,193 withheld). Of those, 1,505 shares remain subject to restrictions/forfeiture under certain conditions.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely).
- Award: 2,996 shares (PSUs granted in 2023 that satisfied performance conditions).
- Withholding/disposition: 1,193 shares at $455.25 each, totaling $543,113, used to satisfy tax withholding (company-retained).
- Net shares delivered to insider: 1,803; of those, 1,505 remain restricted per the filing.
- Filing appears to be a routine PSU settlement with tax withholding — not an open-market sale for investment liquidity.
Context
- This was a PSU settlement (award release) rather than a market-motivated sale—the disposed shares were used to meet tax obligations (common practice when restricted/earned shares vest).
- For retail investors, awards and tax-withholding sales generally do not signal the same trading intent as an open-market sale by an insider.
Insider Transaction Report
Form 4
Wolf Mark D.
General Counsel, Corporate Sec
Transactions
- Award
Common Stock
[F1]2026-02-25+2,996→ 31,830 total - Tax Payment
Common Stock
[F2][F3]2026-02-25$455.25/sh−1,193$543,113→ 30,637 total
Footnotes (3)
- [F1]Represents shares earned with respect to PSUs granted in 2023 that have satisfied certain performance conditions.
- [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 unit award was made.
- [F3]Of these shares, 1,505 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
Signature
Mark D. Wolf|2026-02-27