Gary G. Smalley - 13 Mar 2024 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role
President
Signature
/s/ Ryan J. Soroka, Attorney-in-Fact
Issuer symbol
TPC
Transactions as of
13 Mar 2024
Net transactions value
-$508,197
Form type
4
Filing time
15 Mar 2024, 19:32:37 UTC
Previous filing
17 Nov 2023
Next filing
20 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 Sale $251,757 -20,303 -11% $12.40 160,507 14 Mar 2024 Direct F1
transaction TPC Common Stock Sale $256,440 -20,304 -13% $12.63 140,203 15 Mar 2024 Direct F2

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 +172,048 $0.000000 172,048 13 Mar 2024 Common Stock 172,048 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.30 to $12.80, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.
F2 The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.32 to $12.80, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.
F3 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.
F4 On March 13, 2024, the reporting person was granted 172,048 cash-settled phantom stock units, of which 57,349 vest on each of March 13, 2025 and 2026, and 57,350 vest on March 13, 2027, contingent upon the reporting person's continued employment through each applicable vesting date.