Ghassan Ariqat - 01 Apr 2025 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: Executive Vice President
Signature: /s/ Ifigenia Protopappas, Attorney-in-Fact
Issuer symbol: TPC
Transactions as of: 01 Apr 2025
Net transactions value: -$695,400
Form type: 4
Filing time: 03 Apr 2025, 16:21:10 UTC
Previous filing: 14 Mar 2025
Next filing: 16 May 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		+30,000			30,000	01 Apr 2025	Direct	F1
transaction	TPC	Common Stock	Disposed to Issuer	$695,400	-30,000	-100%	$23.18	0	01 Apr 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	-30,000	-100%	$0.000000	0	01 Apr 2025	Common Stock	30,000		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On January 26, 2023, the reporting person was granted 90,000 cash-settled phantom stock units, of which 30,000 vested on each of April 1, 2023, 2024 and 2025. 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.

Content

On January 26, 2023, the reporting person was granted 90,000 cash-settled phantom stock units, of which 30,000 vested on each of April 1, 2023, 2024 and 2025. 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.