Ryan Joseph Soroka - 12 Mar 2025 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: 12 Mar 2025
Net transactions value: -$117,802
Form type: 4
Filing time: 14 Mar 2025, 19:10:25 UTC
Previous filing: 15 Mar 2024
Next filing: 10 Mar 2026
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		+4,779	+12%		43,081	13 Mar 2025	Direct	F1
transaction	TPC	Common Stock	Disposed to Issuer	$117,802	-4,779	-11%	$24.65	38,302	13 Mar 2025	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	-4,779	-33%	$0.000000	9,558	13 Mar 2025	Common Stock	4,779		Direct	F1
transaction	TPC	Phantom Stock Units	Award	$0	+17,495		$0.000000	17,495	12 Mar 2025	Common Stock	17,495		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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. 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.
F2	On March 12, 2025, the reporting person was granted 17,495 cash-settled phantom stock units, of which 5,831 vest on March 12, 2026 and 5,832 vest on each of March 12, 2027 and 2028, 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.

Content

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. 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.

On March 12, 2025, the reporting person was granted 17,495 cash-settled phantom stock units, of which 5,831 vest on March 12, 2026 and 5,832 vest on each of March 12, 2027 and 2028, 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.