CUTILLO JOSEPH A 4
4 · STERLING INFRASTRUCTURE, INC. · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-04-23$497.57/sh−50,000$24,878,635→ 290,593 total
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 8, 2025.
- [F2]Transaction executed in multiple trades at prices ranging from $495.00 to $501.68 per share, inclusive. The price reported in column 4 above reflects the average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F3]Of these shares, 20,754 shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.