Michael Francis Smithson - May 28, 2023 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: Executive Vice President
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Stock symbol: TPC
Transactions as of: May 28, 2023
Transactions value $: -$161,148
Form type: 4
Date filed: 5/31/2023, 04:41 PM
Previous filing: Jun 1, 2021
Next filing: May 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPC	Common Stock	Options Exercise		+50K			50K	May 28, 2023	Direct	F1
transaction	TPC	Common Stock	Tax liability	-$161K	-27.2K	-54.35%	$5.93^*	22.8K	May 28, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TPC	Restricted Stock Units	Options Exercise	$0	-50K	-50%	$0.00	50K	May 28, 2023	Common Stock	50K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis.
F2	On May 28, 2021, the reporting person was granted 100,000 RSUs, of which 50,000 vest on May 28, 2023 and 50,000 vest on May 28, 2024, contingent upon the reporting person's continued employment through these dates.