RONALD N. TUTOR - 08 Mar 2023 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
08 Mar 2023
Transactions value $
$0
Form type
4
Filing time
10 Mar 2023, 15:51:51 UTC
Previous filing
29 Aug 2022
Next filing
29 Aug 2023
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 +105K 105K 09 Mar 2023 Direct F1
transaction TPC Common Stock Gift $0 -105K -100% $0.00* 0 09 Mar 2023 Direct
transaction TPC Common Stock Gift $0 +105K +3.06% $0.00 3.54M 09 Mar 2023 By Tutor Marital Property Trust
holding TPC Common Stock 2.41M 08 Mar 2023 By Ronald N. Tutor Separate Property Trust
holding TPC Common Stock 1.53M 08 Mar 2023 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 Award $0 +530K $0.00 530K 08 Mar 2023 Common Stock 530K Direct F1, F2
transaction TPC Restricted Stock Units Options Exercise $0 -105K -33.33% $0.00 211K 09 Mar 2023 Common Stock 105K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis.
F2 On March 8, 2023, the reporting person was granted 530,188 RSUs, of which 176,729 vest on each of March 8, 2024 and 2025, and 176,730 vest on March 8, 2026, contingent upon the reporting person's continued employment through these dates.
F3 On March 9, 2022, the reporting person was granted 315,769 RSUs, of which 105,256 vest on each of March 9, 2023 and 2024, and 105,257 vest on March 9, 2025, contingent upon the reporting person's continued employment through these dates.