secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000874238-24-000129
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sterling Infrastructure names Dan Govin COO effective August 5, 2024
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- Appointed Daniel P. Govin, 52, as COO effective Aug 5, 2024; previously President at Quanta West and PAR Electrical.
- Base salary $650K, annual short-term incentive target 110% of base, weighted 75% financial, 25% strategic.
- One-time grant of 50,000 time-based RSUs vesting over 3 years.
- Long-term equity: $300K time-based RSUs (1/3 per year) and $800K performance-based RSUs (3-year); plus $18K/yr vehicle allowance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000129/0000874238-24-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423824000129/strl-20240803.htm
  HTML page:      https://secwatch.observer/filing/0000874238-24-000129

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