Ryan Joseph Soroka - Mar 13, 2024 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role
Senior VP & CFO
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, 07:30 PM
Previous filing
Mar 12, 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 +14.3K $0.00 14.3K Mar 13, 2024 Common Stock 14.3K 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 14,337 cash-settled phantom stock units, of which 4,779 vest on each of March 13, 2025, 2026 and 2027, contingent upon the reporting person's continued employment through each applicable vesting date.