Fields Mark E 4

What Happened

• Mark E. Fields, Group President of Fluor Corp (FLR), exercised 5,178 stock options on Feb 19, 2026 (exercise price $46.07, total cost $238,550) and sold the 5,178 shares the same day in multiple open-market transactions for total proceeds of $271,114. The exercise and immediate sale means the transaction acted as a cashless exercise in practice. The net pre-tax difference between sale proceeds and exercise cost was about $32,564.
• The filing shows the option leg was converted/terminated as part of the exercise (derivative disposal entry at $0.00).

Key Details

• Transaction date: Feb 19, 2026; Form 4 filed Feb 23, 2026 (covers transactions on Feb 19).
• Exercise: 5,178 shares acquired at $46.07 each (total $238,550).
• Sales (open-market):
  • 2,059 shares at $51.58 — $106,210
  • 2,318 shares at $52.68 — $122,108
  • 801 shares at $53.43 — $42,796
  • Total sales proceeds: $271,114.
• Footnotes: Sales prices are weighted averages reported across multiple trades with price ranges: $51.17–$52.15 (F1), $52.17–$53.10 (F2), and $53.16–$53.66 (F3). Options vested in three equal annual installments beginning Mar 6, 2017 (F4).
• Shares owned after the transactions were not specified in the provided filing details.
• Transaction codes: M = exercise/conversion of derivative; S = sale (open-market).

Context

• Because Fields exercised options and sold the same number of shares on the same day, this functions like a cashless exercise (common when executives realize option value or cover exercise/tax costs). This is a routine insider transaction and does not, by itself, indicate future company performance.