Morgan Anthony 4

What Happened
Morgan Anthony, Group President of Fluor Corporation (FLR), exercised 3,387 stock options on 2026-02-23 at an exercise price of $46.07 (cost $156,039) and immediately sold those 3,387 shares in the open market at a weighted average price of $53.09 for total proceeds of ~$179,806 (gross gain ≈ $23,767). Separately, on 2026-02-20 he was granted 13,038 restricted stock units (RSUs) reported at $0.00; these RSUs vest in three equal annual installments beginning March 6, 2027.

Key Details

• Transaction dates: RSU grant 2026-02-20; option exercise and sale 2026-02-23. Form 4 filed 2026-02-24.
• Exercise: 3,387 shares @ $46.07 = $156,039 (cash paid to exercise).
• Sale: 3,387 shares @ weighted avg $53.09 = $179,806; sale prices ranged $52.92–$53.31 (filing notes weighted avg and range).
• Award: 13,038 RSUs granted; vest in three equal annual installments beginning March 6, 2027 (Footnote F1).
• Options background: the options vested in three equal annual installments beginning March 6, 2017 (Footnote F3).
• Shares owned after the transactions: not specified in the information provided.
• Filing timeliness: Form filed 2026-02-24 for trades on 2/20 and 2/23 (Form 4 is generally due within two business days of transaction).

Context

• This was an exercise followed by an immediate sale (a cashless-type transaction), which is common for executives who exercise vested options and sell the shares to cover costs or diversify—such sales are often routine and not necessarily a bearish signal.
• The RSU grant is a future-compensation award and does not represent an immediate purchase or sale; RSUs only convey shares as they vest per the schedule in the footnote.
• For retail investors, purchases typically carry more informational weight than routine exercises and sales; here the most material cash flow was the sale of 3,387 shares for ~$179.8K.