Hammonds Kevin B 4/A
Research Summary
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Fluor (FLR) Chief Legal Officer Kevin Hammonds Withholds Shares
What Happened Kevin B. Hammonds, Chief Legal Officer of Fluor Corp (FLR), had 1,294 shares of common stock withheld to satisfy tax withholding when 4,032 restricted stock units vested on March 6, 2026. The withheld shares were valued at $45.08 each, totaling $58,334. This was an automatic tax-withholding disposition (code F), not an open-market sale or purchase.
Key Details
- Transaction date: March 6, 2026; withholding of 1,294 shares at $45.08 per share (total $58,334).
- Transaction type: Tax withholding on RSU vesting (Form 4 code F).
- Shares owned after transaction: Reporting person directly owned 25,777 shares as of the original Form 4 filing.
- Filing: This is an amended Form 4 (filed May 8, 2026) correcting an omission in the original Form 4 filed March 10, 2026.
- Note: Footnote states the withholding occurred automatically upon vesting and no investment decision was made by the insider.
Context This was a routine, automatic tax-withholding transaction tied to RSU vesting (not a discretionary sale). Amended filings like this correct reporting omissions but don’t imply a change in trading intent; retail investors typically view automatic withholdings as administrative rather than signaling insider sentiment.