Regan John C 4

What Happened

• John C. Regan, Chief Financial Officer of Fluor Corporation (FLR), exercised stock options to acquire 16,773 shares (exercise price $17.96, cost $301,243) on 2026-02-26 and then sold a total of 28,762 shares across 2026-02-26 and 2026-02-27 for aggregate proceeds of approximately $1,504,062.
• The sales were reported as open-market transactions (S). One entry shows the derivative converted (M) at $0, reflecting the conversion of the options to common shares as part of the exercise.

Key Details

• Transaction dates: 2026-02-26 (exercise + sale of 16,773 shares) and 2026-02-27 (sales of 8,094 and 3,895 shares).
• Exercise: 16,773 shares at $17.96/share — total exercise cost $301,243.
• Sales:
  • 16,773 shares sold at a weighted avg $52.74 (total ~$884,591); prices ranged $52.37–$53.32 (F1).
  • 8,094 shares sold at a weighted avg $51.41 (total ~$416,113); prices ranged $50.96–$51.93 (F2).
  • 3,895 shares sold at a weighted avg $52.21 (total ~$203,358); prices ranged $52.01–$52.30 (F3).
• Total shares sold: 28,762; total proceeds ≈ $1.50M.
• Shares owned after the transactions: Not reported in the provided filing details.
• Filing: Report filed 2026-03-02 for transactions dated 2026-02-26/27 — filed within the Form 4 two-business-day window (timely).
• Footnote F4: The exercised options vested in three equal annual installments beginning March 6, 2022.

Context

• This was effectively a cashless exercise: options were exercised and corresponding shares were converted and sold shortly thereafter (common when executives exercise and sell to cover exercise cost/taxes).
• Sales by executives are routine and do not by themselves indicate company outlook; purchases generally carry more interpretive weight for investors.
• The filing provides weighted-average sales prices and price ranges; the reporting person offered to supply the number of shares sold at each separate price on request (per footnotes).