Ryan Joseph Soroka - 11 Nov 2023 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: VP & Chief Accounting Officer
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Issuer symbol: TPC
Transactions as of: 11 Nov 2023
Net transactions value: -$600,000
Form type: 4
Filing time: 14 Nov 2023, 17:01:45 UTC
Previous filing: 10 Mar 2023
Next filing: 12 Mar 2024
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		+30,000	+149%		50,134	11 Nov 2023	Direct	F1
transaction	TPC	Common Stock	Disposed to Issuer	$600,000	-30,000	-60%	$20.00^*	20,134	11 Nov 2023	Direct	F1

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	-30,000	-100%	$0.000000^*	0	11 Nov 2023	Common Stock	30,000		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit (RSU) entitles the holder to one share of common stock of Tutor Perini Corporation (payable either in cash or shares) and, if the stock price is less than $20.00 per share on the settlement date, a payment in cash or shares, at the option of Tutor Perini Corporation, of the difference between the stock price and $20.00. Because the stock price was less than $20.00 per share on the settlement date, the RSUs were settled in cash at a value equal to the number of units vested multiplied by $20.00.
F2	On November 11, 2020, the reporting person was granted 30,000 RSUs that vested on November 11, 2023, contingent upon the reporting person's continued employment through this date.

Content

Each restricted stock unit (RSU) entitles the holder to one share of common stock of Tutor Perini Corporation (payable either in cash or shares) and, if the stock price is less than $20.00 per share on the settlement date, a payment in cash or shares, at the option of Tutor Perini Corporation, of the difference between the stock price and $20.00. Because the stock price was less than $20.00 per share on the settlement date, the RSUs were settled in cash at a value equal to the number of units vested multiplied by $20.00.

On November 11, 2020, the reporting person was granted 30,000 RSUs that vested on November 11, 2023, contingent upon the reporting person's continued employment through this date.