Fluor (FLR) Group President Michael E. Alexander Exercises Options, Sells Shares

What Happened
Michael E. Alexander, Group President of Fluor Corporation (FLR), had three related transactions: he was granted 13,038 restricted stock units (RSUs) on Feb 20, 2026; on Feb 23, 2026 he exercised 3,387 option shares at $46.07 per share (cost $156,039) and immediately sold those 3,387 shares in the open market at a weighted average price of $53.07 for total proceeds of $179,734. The exercise-and-sale resulted in gross proceeds roughly $23,695 (proceeds minus exercise cost). The RSUs were granted at no cash price and will vest in future installments.

Key Details

• Transaction dates: RSU grant 2026-02-20; option exercise and sale 2026-02-23; Form 4 filed 2026-02-24.
• Prices and amounts:
  • RSU grant: 13,038 shares @ $0.00 (award). Footnote F1: vests in three equal annual installments beginning March 6, 2027.
  • Option exercise: 3,387 shares @ $46.07 (cost $156,039). Footnote F3: these options vested in three equal annual installments beginning March 6, 2017.
  • Open-market sale: 3,387 shares sold @ weighted avg $53.07 (proceeds $179,734); sale prices ranged $52.91–$53.20 (F2).
• Shares owned after transaction: not specified in the excerpted filing.
• Notable footnotes: F1 (RSU vesting schedule), F2 (sale price is weighted average; breakdown available on request), F3 (option vesting history).
• Timeliness: Filed within one business day after the 2/23 transactions (no late filing flag).

Context

• This was effectively a common cashless-type transaction: options were exercised and the acquired shares were sold the same day, converting option value to cash.
• The RSU grant is a compensation award that vests in the future and does not reflect an immediate purchase decision.
• No 10% owner or gift transactions involved; this is an executive compensation and routine sale of exercised shares, not necessarily an indicator of a change in conviction.