Ghassan Ariqat - Jan 26, 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
Jan 26, 2023
Transactions value $
$0
Form type
4
Date filed
1/30/2023, 05:34 PM
Previous filing
Oct 11, 2022
Next filing
Apr 4, 2023

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 Award $0 +90K $0.00 90K Jan 26, 2023 Common Stock 90K 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.