---
schema_version: "secwatch.filing_event.v1"
accession: "0000874238-24-000015"
form_type: "8-K"
ticker: "STRL"
cik: "0000874238"
company_name: "STERLING INFRASTRUCTURE, INC."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:47:26.389414+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000874238-24-000015
- form_type: 8-K
- ticker: STRL
- cik: 0000874238
- company_name: STERLING INFRASTRUCTURE, INC.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874238/000087423824000015/0000874238-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874238/000087423824000015/strl-20240105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-24-000015
- JSON: https://secwatch.observer/filing/0000874238-24-000015.json
- Plain text: https://secwatch.observer/filing/0000874238-24-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.