FLUOR CORP 4
4 · FLUOR CORP · Filed Feb 7, 2014
Insider Transaction Report
Form 4
FLUOR CORPFLR
GRIMES KIRK D
Group Executive
Transactions
- Tax Payment
Common Stock
2014-02-05$74.86/sh−628$47,012→ 36,056 total - Award
Performance Rights
2014-02-05+8,175→ 8,175 total→ Common Stock (8,175 underlying)
Footnotes (3)
- [F1]Pursuant to the Issuer's 2003 Executive Performance Incentive Plan and the terms of the related award agreement, each time shares of restricted stock vest, a portion of the shares are automatically withheld by the Issuer to satisfy the resulting tax withholding obligation. In connection with the vesting of 2,200 shares of restricted stock held by the Reporting Person on 02/05/2014, the Issuer has withheld 628 shares of common stock to satisfy the resulting tax withholding obligation. The withholding of these shares occurred automatically upon the vesting of the restricted stock, and as such, no investment decision was made by the Reporting Person in connection with this transfer.
- [F2]Each performance right represents a contingent right to receive one share (or the cash value of one share) of Fluor common stock.
- [F3]These performance rights vest on March 5, 2016.