Management ChangeMay 21, 2026, 04:13 PM
Sterling Infrastructure Extends CEO Joseph Cutillo's Contract
AI Summary
Sterling Infrastructure, Inc. announced the extension of its Chief Executive Officer, Joseph A. Cutillo's, employment agreement. The agreement, originally set to expire on January 1, 2027, has been extended through December 31, 2027. In connection with this extension, Mr. Cutillo was granted 40,000 restricted stock units, which will vest upon the earlier of his successor's successful onboarding or his continued employment through the new term.
Key Highlights
- CEO Joseph A. Cutillo's employment agreement extended.
- Employment extended from January 1, 2027, through December 31, 2027.
- Mr. Cutillo granted 40,000 restricted stock units (RSUs).
- RSUs vest upon earlier of successor onboarding or continued employment through December 31, 2027.
- RSUs also vest upon change of control, death/disability, termination without cause, or good reason.
Price Impact
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