Ghassan Ariqat - Apr 1, 2023 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: Executive Vice President
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Stock symbol: TPC
Transactions as of: Apr 1, 2023
Transactions value $: -$185,100
Form type: 4
Date filed: 4/4/2023, 07:29 PM
Previous filing: Jan 30, 2023
Next filing: Apr 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPC	Common Stock	Options Exercise		+30K	+253.06%		41.9K	Apr 1, 2023	Direct	F1
transaction	TPC	Common Stock	Disposed to Issuer	-$185K	-30K	-71.68%	$6.17^*	11.9K	Apr 1, 2023	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	-30K	-33.33%	$0.00	60K	Apr 1, 2023	Common Stock	30K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	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.
F2	On January 26, 2023, the reporting person was granted 90,000 cash-settled phantom stock units, of which 30,000 vest on each of April 1, 2023, 2024 and 2025, contingent upon the reporting person's continued employment through these dates.