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

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ Anthony C. Fiore, Attorney-in-Fact
Issuer symbol
TPC
Transactions as of
25 Aug 2023
Net transactions value
-$407,762
Form type
4
Filing time
29 Aug 2023, 16:23:39 UTC
Previous filing
10 Mar 2023
Next filing
13 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPC Common Stock Options Exercise +91,995 91,995 25 Aug 2023 Direct F1
transaction TPC Common Stock Tax liability $407,762 -45,611 -50% $8.94* 46,384 25 Aug 2023 Direct
transaction TPC Common Stock Gift $0 -46,384 -100% $0.000000* 0 25 Aug 2023 Direct
transaction TPC Common Stock Gift $0 +46,384 +1.3% $0.000000 3,586,940 25 Aug 2023 By Tutor Marital Property Trust
holding TPC Common Stock 2,412,267 25 Aug 2023 By Ronald N. Tutor Separate Property Trust
holding TPC Common Stock 1,533,255 25 Aug 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 -91,995 -50% $0.000000 91,996 25 Aug 2023 Common Stock 91,995 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.