Ronald N. Tutor - Aug 25, 2023 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Stock symbol: TPC
Transactions as of: Aug 25, 2023
Transactions value $: -$407,762
Form type: 4
Date filed: 8/29/2023, 04:23 PM
Previous filing: Mar 10, 2023
Next filing: Sep 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPC	Common Stock	Options Exercise		+92K			92K	Aug 25, 2023	Direct	F1
transaction	TPC	Common Stock	Tax liability	-$408K	-45.6K	-49.58%	$8.94^*	46.4K	Aug 25, 2023	Direct
transaction	TPC	Common Stock	Gift	$0	-46.4K	-100%	$0.00^*	0	Aug 25, 2023	Direct
transaction	TPC	Common Stock	Gift	$0	+46.4K	+1.31%	$0.00	3.59M	Aug 25, 2023	By Tutor Marital Property Trust
holding	TPC	Common Stock						2.41M	Aug 25, 2023	By Ronald N. Tutor Separate Property Trust
holding	TPC	Common Stock						1.53M	Aug 25, 2023	By Ronald N. Tutor 2009 Dynasty Trust

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	-92K	-50%	$0.00	92K	Aug 25, 2023	Common Stock	92K		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 August 25, 2021, the reporting person was granted 275,986 RSUs, of which 91,995 vest on each of August 25, 2022 and 2023, and 91,996 vest on August 25, 2024, contingent upon the reporting person's continued employment through these dates.