Sterling Infrastructure (STRL) CEO Joseph A. Cutillo Sells 50,000 Shares

What Happened
Joseph A. Cutillo, CEO of Sterling Infrastructure, sold 50,000 shares in an open-market transaction on April 23, 2026, generating total proceeds of approximately $24,878,635. The filing reports an average sale price of $497.57 per share (total shown), with execution across multiple trades at prices between $495.00 and $501.68 per share. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-04-23; Form 4 filed 2026-04-24 (timely filing).
• Reported average price: $497.57; price range across trades: $495.00–$501.68 per share.
• Total proceeds: $24,878,635.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: sale was effected pursuant to a Rule 10b5-1 trading plan adopted Dec 8, 2025 (prearranged). The filer notes the sale was executed in multiple trades and will provide a breakdown of shares sold at each price upon request.
• Restrictions: 20,754 of the shares sold are noted as subject to restrictions on transfer and potential forfeiture under certain circumstances.

Context
The sale was carried out under a pre-established Rule 10b5-1 plan, which typically indicates the trades were scheduled in advance rather than reflecting ad-hoc insider timing. Sales under such plans are common and do not by themselves signal the insider’s view of the company’s near-term prospects.