STRL CFO Nicholas Grindstaff Withholds 556 Shares for Taxes

What Happened

• Nicholas M. Grindstaff, Chief Financial Officer of Sterling Infrastructure, had 556 shares withheld by the company on July 10, 2026 to satisfy tax withholding obligations tied to the release of restricted stock units. The shares were valued at $682.29 each, for a total withholding value of $379,353.
• This was not an open-market sale or buy — it was a cashless tax-withholding (disposition) related to RSU vesting, a routine administrative action rather than a directional investment move.

Key Details

• Transaction date: 2026-07-10; Filing date: 2026-07-14 (filed 4 days after the transaction; Form 4s are generally due within 2 business days, so this appears late).
• Price per share: $682.29; Shares withheld/disposed: 556; Total value: $379,353.
• Footnote (F1): The shares were retained by the company at the reporting person’s election to satisfy tax withholding requirements based on the closing price on the release date.
• Footnote (F2): Separately, 4,735 shares are noted as subject to restrictions on sale/transfer and may be forfeitable under certain circumstances.
• Shares owned after the transaction: not specified in the filing.

Context

• This is a typical “tax withholding” disposition following RSU release (a form of cashless exercise/withholding). It does not represent an open-market sale and should be interpreted as administrative — not necessarily a signal of the insider’s view of the stock.