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

Role
Executive VP & CFO
Signature
/s/ Ifigenia Protopappas, Attorney-in-Fact
Issuer symbol
TPC
Transactions as of
13 Mar 2024
Net transactions value
-$288,287
Form type
4
Filing time
11 Mar 2025, 17:27:11 UTC
Previous filing
12 Mar 2024
Next filing
14 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPC Common Stock Options Exercise +10,000 +34% 39,148 08 Mar 2025 Direct F1
transaction TPC Common Stock Tax liability $145,951 -5,491 -14% $26.58 33,657 08 Mar 2025 Direct
transaction TPC Common Stock Options Exercise +10,000 +30% 43,657 09 Mar 2025 Direct F1
transaction TPC Common Stock Tax liability $142,336 -5,355 -12% $26.58 38,302 09 Mar 2025 Direct

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 -10,000 -50% $0.000000 10,000 08 Mar 2025 Common Stock 10,000 Direct F1, F2
transaction TPC Restricted Stock Units Options Exercise $0 -10,000 -100% $0.000000 0 09 Mar 2025 Common Stock 10,000 Direct F1, F3
transaction TPC Cash-Settled Performance Stock Units Award $0 +14,337 $0.000000 14,337 13 Mar 2024 Common Stock 14,337 Direct F4
* 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 30,000 RSUs, of which 10,000 vest on each of March 8, 2024, 2025 and 2026, contingent upon the reporting person's continued employment through these dates.
F3 On March 9, 2022, the reporting person was granted 30,000 RSUs, of which 10,000 vested on each of March 9, 2023, 2024 and 2025.
F4 Reflects the target number (Target Award) of cash-settled performance stock units (CPSUs) granted on March 13, 2024, which are scheduled to vest on December 31, 2026 based upon achievement of certain annualized stock price growth goals over a three-year performance period, with vesting ranging from 0% to 250% of the Target Award. The cash settlement amount will equal the number of shares that vest multiplied by the then fair market value of the shares. Due to an administrative error by the Company, the report for this award was filed late. The March 13, 2024 award was granted when the reporting person was Senior Vice President and Chief Financial Officer.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney