FLUOR CORP·4/A

May 8, 4:30 PM ET

Davies Nicole 4/A

Research Summary

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Fluor (FLR) EVP Nicole Davies Withholds 1,014 Shares for Taxes

What Happened
Nicole Davies, Executive Vice President, Corporate Development at Fluor Corp (FLR), had 1,014 shares of common stock withheld to satisfy tax withholding related to the vesting of restricted stock units. The withholding occurred on March 6, 2026, at an effective price of $45.08 per share, totaling approximately $45,711. This was an automatic tax-withholding disposition (Form 4 code F), not an open-market sale.

Key Details

  • Transaction date: March 6, 2026; reported on an amended Form 4 filed May 8, 2026 (original Form 4 was filed March 10, 2026).
  • Shares withheld/disposed: 1,014 shares at $45.08 per share; total value ≈ $45,711.
  • Post-transaction ownership: Reporting person directly owned 25,609 shares as stated in the original filing.
  • Footnote: The amendment corrects an omission — the original filing inadvertently omitted the issuer's automatic withholding of shares to satisfy tax obligations from the vesting of 3,687 RSUs. No investment decision was made by the insider.
  • Transaction type: Code F (tax withholding) — routine administrative disposition.

Context
This was a tax-withholding event tied to RSU vesting (an automatic, cashless-like action) rather than an intentional sale or purchase, so it generally does not signal a change in insider sentiment. The Form 4 was amended to disclose the withholding; the underlying RSU vesting and withholding occurred on March 6, and the initial Form 4 was filed March 10 but later corrected on May 8.