James A. Frost - May 27, 2021 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: President & COO, Director
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Stock symbol: TPC
Transactions as of: May 27, 2021
Transactions value $: -$76,770
Form type: 4
Date filed: 5/28/2021, 05:05 PM
Previous filing: May 25, 2021
Next filing: Dec 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPC	Common Stock	Options Exercise		+12.5K	+4.17%		312K	May 27, 2021	Direct	F1
transaction	TPC	Common Stock	Tax liability	-$76.8K	-4.92K	-1.57%	$15.61^*	307K	May 27, 2021	Direct
transaction	TPC	Common Stock	Gift	$0	-7.58K	-2.47%	$0.00	300K	May 27, 2021	Direct
transaction	TPC	Common Stock	Gift	$0	+7.58K	+2.46%	$0.00	315K	May 27, 2021	By Frost Family Trust Dated September 23, 2004

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	-12.5K	-100%	$0.00^*	0	May 27, 2021	Common Stock	12.5K		Direct	F1
transaction	TPC	Employee Stock Option (Right to Buy)	Award	$0	+12.5K	+25%	$0.00	62.5K	May 27, 2021	Common Stock	12.5K	$19.90	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On May 23, 2018, the reporting person was granted 50,000 restricted stock units (RSUs) (target amount) vesting upon the achievement of a performance target for the period from May 23, 2018 to May 23, 2021 and Compensation Committee approval; 25% of the award was vested. Each RSU represents a contingent right to receive one share of common stock of Tutor Perini Corporation.
F2	On May 23, 2018, the reporting person was granted 50,000 stock options (target amount) vesting upon the achievement of a performance target from the period of May 23, 2018 to May 23, 2021 and Compensation Committee approval; 25% of the award was vested.