Wendy Ann Hallgren - Sep 19, 2022 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role
EVP and General Counsel
Signature
/s/ Anthony C. Fiore, Attorney-in-Fact
Stock symbol
TPC
Transactions as of
Sep 19, 2022
Transactions value $
-$183,222
Form type
4
Date filed
9/21/2022, 05:01 PM
Previous filing
Nov 15, 2021
Next filing
Nov 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPC Common Stock Options Exercise +50K 50K Sep 19, 2022 Direct F1
transaction TPC Common Stock Tax liability -$183K -26.3K -52.65% $6.96* 23.7K Sep 19, 2022 Direct

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 -50K -100% $0.00* 0 Sep 19, 2022 Common Stock 50K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSU) entitles the holder to one share of common stock of Tutor Perini Corporation and, if the stock price is less than $20.00 per share on the settlement date, a payment in cash or shares, at the option of Tutor Perini Corporation, of the difference between the stock price and $20.00. The difference between the stock price and $20.00 per share was settled in cash.
F2 On September 19, 2019, the reporting person was granted 50,000 RSUs that vested on September 19, 2022, contingent upon the reporting person's continued employment through this date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney