Ronald N. Tutor - Mar 8, 2024 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
Mar 8, 2024
Transactions value $
-$1,042,029
Form type
4
Date filed
3/12/2024, 04:54 PM
Previous filing
Mar 5, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPC Common Stock Options Exercise +177K 177K Mar 8, 2024 Direct F1
transaction TPC Common Stock Tax liability -$653K -51.4K -29.07% $12.71 125K Mar 8, 2024 Direct F1
transaction TPC Common Stock Gift $0 -125K -100% $0.00* 0 Mar 8, 2024 Direct
transaction TPC Common Stock Gift $0 +125K +3.87% $0.00 3.36M Mar 8, 2024 By Tutor Marital Property Trust
transaction TPC Common Stock Options Exercise +105K 105K Mar 9, 2024 Direct F1
transaction TPC Common Stock Tax liability -$389K -30.6K -29.07% $12.71 74.7K Mar 9, 2024 Direct
transaction TPC Common Stock Gift $0 -74.7K -100% $0.00* 0 Mar 9, 2024 Direct
transaction TPC Common Stock Gift $0 +74.7K +2.22% $0.00 3.44M Mar 9, 2024 By Tutor Marital Property Trust
holding TPC Common Stock 2.41M Mar 8, 2024 By Ronald N. Tutor Separate Property Trust
holding TPC Common Stock 1.53M Mar 8, 2024 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 -177K -33.33% $0.00 353K Mar 8, 2024 Common Stock 177K Direct F1, F2
transaction TPC Restricted Stock Units Options Exercise $0 -105K -50% $0.00 105K Mar 9, 2024 Common Stock 105K Direct F1, F3
* 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 March 8, 2023, the reporting person was granted 530,188 RSUs, of which 176,729 vest on each of March 8, 2024 and 2025, and 176,730 vest on March 8, 2026, contingent upon the reporting person's continued employment through these dates.
F3 On March 9, 2022, the reporting person was granted 315,769 RSUs, of which 105,256 vest on each of March 9, 2023 and 2024, and 105,257 vest on March 9, 2025, contingent upon the reporting person's continued employment through these dates.