Fields Mark E 4

What Happened

• Mark Fields, Group President of Fluor Corporation (ticker: FLR), received 17,381 performance units on February 16, 2026. The Form 4 reports an acquisition at $0.00 per unit (total reported value $0), reflecting an earned award rather than a market purchase.
• These are earned performance units granted in 2023 that vested after a three-year performance period; each unit represents the contingent right to receive one share of Fluor common stock once settled.

Key Details

• Transaction date: 2026-02-16; Report filed: 2026-02-18 (filed two days after the transaction date).
• Transaction type: Award/Grant (A); number of units/shares: 17,381; reported price: $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnote: Units were granted in 2023, subject to a three-year performance period, and were earned upon satisfaction of performance criteria. Each unit equals a contingent right to one common share.
• No sale or cash purchase occurred; this is compensation-related equity vesting, not an open-market trade.

Context

• Performance-unit awards are a form of long-term compensation and do not necessarily signal immediate insider buying or selling intent. They become meaningful to investors when and if they are settled into shares and/or sold into the market.
• Because this was an earned award (not a purchase), it reflects compensation vesting rather than a directional bet by the insider on the stock price.