STRL: Officer Compensatory Arrangements Updated Jan 5
Ticker: STRL · Form: 8-K · Filed: Jan 8, 2024 · CIK: 874238
| Field | Detail |
|---|---|
| Company | Sterling Infrastructure, Inc. (STRL) |
| Form Type | 8-K |
| Filed Date | Jan 8, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $1,000,000, $3,500,000, $50,000, $100 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: compensatory-arrangements, executive-compensation, corporate-governance
TL;DR
**STRL just updated executive pay arrangements, watch for impact on leadership and costs.**
AI Summary
STERLING INFRASTRUCTURE, INC. (STRL) filed an 8-K on January 8, 2024, reporting an event that occurred on January 5, 2024, related to changes in compensatory arrangements for certain officers. This filing indicates potential adjustments to executive pay structures, which could impact the company's financial performance and executive retention. Investors should note that changes in compensation can signal shifts in company strategy or financial health, potentially affecting future stock performance.
Why It Matters
Changes in executive compensation can influence leadership stability and company spending, directly impacting investor confidence and the stock's valuation.
Risk Assessment
Risk Level: low — This filing is administrative, reporting changes in compensatory arrangements, which typically carries a low immediate risk unless specific details reveal significant financial shifts.
Analyst Insight
Investors should monitor future filings or company announcements for specific details on the 'Compensatory Arrangements of Certain Officers' to understand the financial implications and potential impact on executive retention and motivation.
Key Numbers
- $0.01 — Par Value per Share (The par value of STERLING INFRASTRUCTURE, INC.'s common stock.)
Key Players & Entities
- STERLING INFRASTRUCTURE, INC. (company) — the registrant filing the 8-K
- STRL (company) — the trading symbol for STERLING INFRASTRUCTURE, INC.
- January 5, 2024 (date) — date of the earliest event reported
- January 8, 2024 (date) — date the 8-K was filed
- The NASDAQ Stock Market LLC (company) — exchange where STRL common stock is registered
- $0.01 (dollar_amount) — par value per share of common stock
Forward-Looking Statements
- STERLING INFRASTRUCTURE, INC. will provide more specific details regarding the compensatory arrangements in future filings or investor calls. (STERLING INFRASTRUCTURE, INC.) — medium confidence, target: Q1 2024 Earnings Call
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 5, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is the primary item information reported in this 8-K?
The primary item information reported is 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
What is the trading symbol for STERLING INFRASTRUCTURE, INC.?
The trading symbol for STERLING INFRASTRUCTURE, INC. is STRL, as listed under 'Securities registered pursuant to Section 12(b) of the Act'.
Where is STERLING INFRASTRUCTURE, INC.'s principal executive office located?
STERLING INFRASTRUCTURE, INC.'s principal executive office is located at 1800 Hughes Landing Blvd., The Woodlands, Texas 77380.
What is the state of incorporation for STERLING INFRASTRUCTURE, INC.?
STERLING INFRASTRUCTURE, INC. is incorporated in Delaware, as indicated in the filing.
Filing Stats: 1,189 words · 5 min read · ~4 pages · Grade level 12.8 · Accepted 2024-01-08 16:12:06
Key Financial Figures
- $0.01 — ection 12(b) of the Act: Common Stock, $0.01 par value per share STRL The NASDAQ Sto
- $1,000,000 — o's annual base salary was increased to $1,000,000, which will be subject to future annual
- $3,500,000 — ards was set at an amount not less than $3,500,000. In addition, notwithstanding anything
- $50,000 — owing his date of termination; and (ii) $50,000 (no change) in lieu of the post-termina
- $100 — achievement of a stock price target of $100 per share; (b) 30% of the Special Award
- $120 — achievement of a stock price target of $120 per share; and (c) 50% of the Special A
- $140 — achievement of a stock price target of $140 per share. Mr. Cutillo must remain empl
- $160 — achievement of a stock price target of $160 per share and Mr. Cutillo's continued e
Filing Documents
- strl-20240105.htm (8-K) — 34KB
- strl-20240105_g1.jpg (GRAPHIC) — 852KB
- 0000874238-24-000015.txt ( ) — 2135KB
- strl-20240105.xsd (EX-101.SCH) — 2KB
- strl-20240105_lab.xml (EX-101.LAB) — 24KB
- strl-20240105_pre.xml (EX-101.PRE) — 13KB
- strl-20240105_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STERLING INFRASTRUCTURE, INC. Date: January 8, 2024 By: /s/ Ronald A. Ballschmiede Ronald A. Ballschmiede Chief Financial Officer