Ronald N. Tutor - Mar 13, 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 13, 2024
Transactions value $
$0
Form type
4
Date filed
3/15/2024, 07:27 PM
Previous filing
Mar 12, 2024
Next filing
Jun 10, 2024

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 Phantom Stock Units Award $0 +459K $0.00 459K Mar 13, 2024 Common Stock 459K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The phantom stock units are settled in cash at a value equal to the number of units vested multiplied by the closing price per share of Tutor Perini Corporation's common stock on the applicable vesting date.
F2 On March 13, 2024, the reporting person was granted 458,795 cash-settled phantom stock units, of which 152,932 vest on each of March 13, 2025 and 2026, and 152,931 vest on December 31, 2026, contingent upon the reporting person's continued employment through each applicable vesting date.