CUTILLO JOSEPH A 4

What Happened
Joseph A. Cutillo, CEO of Sterling Infrastructure, sold a total of 100,000 shares in two open-market transactions: 52,408 shares on 2026-03-09 at an average price of $408.42 for proceeds of $21,404,365, and 47,592 shares on 2026-03-10 at an average price of $416.21 for proceeds of $19,808,281. Total proceeds across both trades were approximately $41,212,646. These sales were effected under a Rule 10b5-1 trading plan.

Key Details

• Transaction dates: March 9, 2026 (52,408 shares) and March 10, 2026 (47,592 shares).
• Reported average prices and ranges:
  • Mar 9 avg $408.42; trades executed in multiple fills at $400.00–$411.38 (per filing).
  • Mar 10 avg $416.21; trades executed in multiple fills at $410.20–$421.40 (per filing).
• Total shares sold: 100,000; total reported proceeds ≈ $41.21 million.
• 20,754 of the sold shares are noted as subject to restrictions and potential forfeiture under certain circumstances.
• Sales were made pursuant to a 10b5-1 trading plan adopted by Cutillo on December 8, 2025. The filing states the reporter will provide a price-by-price breakdown on request.
• Shares owned after the transactions are not specified in the provided filing excerpt.
• Filing date: March 11, 2026; the filing covers transactions on Mar 9–10 and does not indicate a late filing.

Context

• These were outright sales (S) under a pre-established 10b5-1 plan. Such plans allow insiders to sell on a preset schedule and are commonly used to avoid trading based on material nonpublic information. Sales do not necessarily indicate a change in the CEO’s view of the company; they often reflect planned liquidity or diversification.