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

Role: President & COO, Director
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Issuer symbol: TPC
Transactions as of: 27 May 2021
Net transactions value: -$76,770
Form type: 4
Filing time: 28 May 2021, 17:05:31 UTC
Previous filing: 25 May 2021
Next filing: 17 Dec 2021
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		+12,500	+4.2%		312,361	27 May 2021	Direct	F1
transaction	TPC	Common Stock	Tax liability	$76,770	-4,918	-1.6%	$15.61^*	307,443	27 May 2021	Direct
transaction	TPC	Common Stock	Gift	$0	-7,582	-2.5%	$0.000000	299,861	27 May 2021	Direct
transaction	TPC	Common Stock	Gift	$0	+7,582	+2.5%	$0.000000	315,313	27 May 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	-12,500	-100%	$0.000000^*	0	27 May 2021	Common Stock	12,500		Direct	F1
transaction	TPC	Employee Stock Option (Right to Buy)	Award	$0	+12,500	+25%	$0.000000	62,500	27 May 2021	Common Stock	12,500	$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.