Ronald N. Tutor - Mar 8, 2023 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Stock symbol: TPC
Transactions as of: Mar 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/10/2023, 03:51 PM
Previous filing: Aug 29, 2022
Next filing: Aug 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPC	Common Stock	Options Exercise		+105K			105K	Mar 9, 2023	Direct	F1
transaction	TPC	Common Stock	Gift	$0	-105K	-100%	$0.00^*	0	Mar 9, 2023	Direct
transaction	TPC	Common Stock	Gift	$0	+105K	+3.06%	$0.00	3.54M	Mar 9, 2023	By Tutor Marital Property Trust
holding	TPC	Common Stock						2.41M	Mar 8, 2023	By Ronald N. Tutor Separate Property Trust
holding	TPC	Common Stock						1.53M	Mar 8, 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	Mar 8, 2023	Common Stock	530K		Direct	F1, F2
transaction	TPC	Restricted Stock Units	Options Exercise	$0	-105K	-33.33%	$0.00	211K	Mar 9, 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.