Cook Tracey H 4

What Happened
Tracey H. Cook, Chief Human Resources Officer at Fluor Corp (FLR), exercised 2,589 stock options on 2026-02-19 at an exercise price of $46.07 per share (cost = $119,275) and sold the 2,589 resulting shares the same day in the open market for a weighted-average price of $53.22 per share (gross proceeds = $137,784). The filing also shows the derivative instrument being converted/removed in connection with the exercise (reported at $0). This is effectively a same-day exercise-and-sell (cashless-style) transaction — a sale rather than a buy signal.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (appears timely within the 2-business-day requirement).
• Exercise: 2,589 options exercised at $46.07 = $119,275 cash paid.
• Sale: 2,589 shares sold at weighted-average $53.22 = $137,784 gross proceeds (weighted prices ranged $53.10–$53.34 per footnote).
• Net difference (gross proceeds minus exercise cost): approximately $18,509 before taxes and fees.
• Shares owned after the transaction: not disclosed in the reporting excerpt.
• Footnotes: F1 notes the sale price is a weighted average across multiple trades ($53.10–$53.34); F2 notes the options vested in three equal annual installments beginning March 6, 2017.

Context
Because the options were exercised and the shares were sold the same day, this is a liquidity transaction (realizing gains from vested options) rather than an additional purchase that signals new conviction. The filing shows the derivative (option) was converted/terminated as part of the exercise — a common reporting detail for option exercises.