Gary G. Smalley - Nov 15, 2024 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role
President
Signature
/s/ Ifigenia Protopappas, Attorney-in-Fact
Stock symbol
TPC
Transactions as of
Nov 15, 2024
Transactions value $
-$1,149,658
Form type
4
Date filed
11/19/2024, 09:12 PM
Previous filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPC Common Stock Options Exercise +41.5K +36.67% 155K Nov 15, 2024 Direct F1
transaction TPC Common Stock Disposed to Issuer -$1.15M -41.5K -26.83% $27.73 113K Nov 15, 2024 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 Phantom Stock Units Options Exercise $0 -41.5K -33.33% $0.00 82.9K Nov 15, 2024 Common Stock 41.5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 15, 2023, the reporting person was granted 124,379 cash-settled phantom stock units, of which 41,459 vest on November 15, 2024, and 41,460 vest on each of November 15, 2025 and 2026, contingent upon the reporting person's continued employment through each applicable vesting date. These phantom stock units are considered derivative securities settled in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock of Tutor Perini Corporation (Issuer) on the applicable vesting date. The reporting person did not purchase or sell any shares of common stock in the settlement of this award, however, the transaction is required to be reported as an acquisition and disposition back to the Issuer under SEC reporting principles.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney