Ronald N. Tutor - 31 Dec 2021 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Issuer symbol: TPC
Transactions as of: 31 Dec 2021
Net transactions value: -$927,750
Form type: 4
Filing time: 04 Jan 2022, 17:05:54 UTC
Previous filing: 23 Dec 2021
Next filing: 11 Mar 2022
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		+75,000			75,000	31 Dec 2021	Direct	F1
transaction	TPC	Common Stock	Tax liability	$459,978	-37,185	-50%	$12.37^*	37,815	31 Dec 2021	Direct
transaction	TPC	Common Stock	Disposed to Issuer	$467,772	-37,815	-100%	$12.37^*	0	31 Dec 2021	Direct	F1
holding	TPC	Common Stock						3,493,305	31 Dec 2021	By Tutor Marital Property Trust
holding	TPC	Common Stock						2,412,267	31 Dec 2021	By Ronald N. Tutor Separate Property Trust
holding	TPC	Common Stock						1,533,255	31 Dec 2021	By Ronald N. Tutor 2009 Dynasty Trust

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	-75,000	-100%	$0.000000^*	0	31 Dec 2021	Common Stock	75,000		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On January 5, 2018, the reporting person was granted 75,000 restricted stock units (RSUs) that vested on December 31, 2021, contingent upon the reporting person's continued employment through this date. Each RSU represents a contingent right to receive one share of common stock of Tutor Perini Corporation. The RSUs may be settled in either common stock or cash (or a combination thereof) at the discretion of Tutor Perini Corporation. The RSUs reported in this Form 4 were settled in cash.

Content

On January 5, 2018, the reporting person was granted 75,000 restricted stock units (RSUs) that vested on December 31, 2021, contingent upon the reporting person's continued employment through this date. Each RSU represents a contingent right to receive one share of common stock of Tutor Perini Corporation. The RSUs may be settled in either common stock or cash (or a combination thereof) at the discretion of Tutor Perini Corporation. The RSUs reported in this Form 4 were settled in cash.