secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0000874238-24-000104
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sterling appoints Sharon Villaverde as CFO and CAO; Ballschmiede to retire later in 2024
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- Sharon Villaverde appointed CFO and CAO effective May 13, 2024; Ron Ballschmiede to retire later in 2024.
- Villaverde's base salary $500k; annual target bonus 75% of salary; equity target 115% of salary (40% RSUs, 60% PSUs).
- Villaverde previously VP Finance at Sterling since March 2024; prior CAO at Dycom Industries (2018-2024).
- Ballschmiede served as CFO since November 2015; will remain Executive VP for transition period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000104/0000874238-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000104/strl-20240511.htm
  HTML page:      https://secwatch.observer/filing/0000874238-24-000104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer