Everus Construction Group (ECG) VP gets 2,456 RSUs, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everus Construction Group, Inc. reported that VP, CLO & Corporate Secretary Paul R. Sanderson received a grant of 2,456 restricted stock units on common stock at a price per share of 0.0000. These RSUs vest in three equal annual installments beginning on February 27, 2027, conditioned on continued employment. To satisfy tax withholding on a vesting RSU award, the issuer withheld 417 and 3,775 common shares at a price per share of 120.87, leaving Sanderson with 22,250 directly owned common shares after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sanderson Paul R.
Role
VP, CLO & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,456 | $0.00 | -- |
| Tax Withholding | Common Stock | 417 | $120.87 | $50K |
| Tax Withholding | Common Stock | 3,775 | $120.87 | $456K |
Holdings After Transaction:
Common Stock — 26,442 shares (Direct)
Footnotes (1)
- Represents restricted stock units (RSUs) that vest in three equal annual installments beginning on February 27, 2027, provided the reporting person remains continuously employed by the issuer through the applicable vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock. Represents shares withheld by issuer to cover tax withholding obligations upon vesting of a RSU award.
FAQ
What did Everus Construction Group (ECG) insider Paul R. Sanderson report on this Form 4?
Paul R. Sanderson, VP, CLO & Corporate Secretary of Everus Construction Group, reported one stock award and two tax-related share dispositions. All transactions involved common stock and adjusted his directly owned holdings without indicating any open-market buying or selling activity.
How many restricted stock units did ECG grant to Paul R. Sanderson?
Everus Construction Group granted Paul R. Sanderson 2,456 restricted stock units on common stock at a price per share of 0.0000. Each RSU represents the contingent right to receive one common share, subject to future vesting and continued employment conditions set by the company.
What is the vesting schedule for Paul R. Sanderson’s new ECG RSU award?
The 2,456 restricted stock units granted to Paul R. Sanderson vest in three equal annual installments starting on February 27, 2027. Vesting requires that he remain continuously employed by Everus Construction Group through each applicable vesting date to receive the related common shares.