Bechelany Pierre Edward 4

What Happened
Pierre Bechelany, Group President of Fluor Corporation (FLR), exercised 4,581 stock options on Feb 19, 2026 at an exercise price of $46.07 per share (total cash cost ~$211,047) and sold those 4,581 shares in an open-market transaction for a weighted-average price of $53.10 per share (total proceeds ~$243,273). The Form 4 also shows a derivative line for 4,581 shares disposed at $0, which reflects the conversion/disposition of the option upon exercise.

Key Details

• Transaction date: 2026-02-19 (filed 2026-02-23; appears timely)
• Exercise: 4,581 shares at $46.07 → total cost ≈ $211,047
• Sale: 4,581 shares at weighted-average $53.10 → total proceeds ≈ $243,273
• Sale price range: $52.58 to $53.57 (weighted average reported; see footnote F1)
• Footnote F2: the options vested in three equal annual installments beginning March 6, 2017 (these were previously-granted, vested options)
• Shares owned after the transaction: not specified in the provided filing excerpt

Context
This was an option exercise followed by an immediate open-market sale of the resulting shares (a cashless-style outcome). Such transactions commonly reflect option exercise/monetization of previously vested awards rather than a fresh purchase signal; they do not by themselves indicate future company performance. The filing notes the sale was executed in multiple trades within the price range above (F1).