Sterling amends CEO Cutillo employment: $1M salary, PSUs tied to $100-$140 stock targets

STERLING INFRASTRUCTURE, INC.

Base salary increased to $1,000,000; annual short-term incentive target set at 115% of salary.
Annual long-term incentive target minimum $3,500,000; special one-time grant of 160,000 PSUs awarded.
PSUs vest on stock price targets: 20% at $100, 30% at $120, 50% at $140 per share.
Enhanced change-of-control severance: 3x base salary and bonus (up from 2x), 24 months COBRA (up from 18).
Potential additional 40,000 PSUs if employment extended to 4th year, vesting at $160 stock price target.

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