Form 4 for TPC TUTOR PERINI CORP
Accepted 2023-11-14 00:00:00 ET · period of report 2023-11-11 · accession 0000077543-23-000185 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-11-14 | 2023-11-11 | TPC | SMALLEY GARY G. | CFO, Executive VP | M - OptEx | — | +79.9K | 212.4K | +60% | — |
| D | 2023-11-14 | 2023-11-11 | TPC | SMALLEY GARY G. | CFO, Executive VP | F - Tax | $7.35 | -31.6K | 180.8K | -15% | -$232.3K |
| D | 2023-11-14 | 2023-11-11 | TPC | SMALLEY GARY G. | CFO, Executive VP | D - Sale to Iss | $20.00 | -45.0K | 180.8K | -20% | -$900.0K |
| DM | 2023-11-14 | 2023-11-11 | TPC | SMALLEY GARY G. | CFO, Executive VP | M - OptEx | $0.00 | -79.9K | 34.9K | -70% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-11-11 | M | A | 45,000 | — | 225,810 | D | — | — | (F2) Each RSU entitles the holder to one share of common stock of Tutor Perini Corporation (payable either in cash or shares) 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. Because the stock price was less than $20.00 per share on the settlement date, the RSUs were settled in cash at a value equal to the number of units vested multiplied by $20.00. |
| 2 | Common | Common Stock | 2023-11-11 | F | D | 31,604 | $7.35 | 180,810 | D | — | — | |
| 3 | Common | Common Stock | 2023-11-11 | M | A | 34,932 | — | 212,414 | D | — | — | (F1) The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis. |
| 4 | Common | Common Stock | 2023-11-11 | D | D | 45,000 | $20.00 | 180,810 | D | — | — | (F2) Each RSU entitles the holder to one share of common stock of Tutor Perini Corporation (payable either in cash or shares) 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. Because the stock price was less than $20.00 per share on the settlement date, the RSUs were settled in cash at a value equal to the number of units vested multiplied by $20.00. |
| 5 | Derivative | Restricted Stock Units | 2023-11-11 | M | D | 45,000 | $0.00 | 0 | D | — · — to — | 45,000 Common Stock | (F2) Each RSU entitles the holder to one share of common stock of Tutor Perini Corporation (payable either in cash or shares) 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. Because the stock price was less than $20.00 per share on the settlement date, the RSUs were settled in cash at a value equal to the number of units vested multiplied by $20.00. (F4) On November 11, 2020, the reporting person was granted 45,000 RSUs that vested on November 11, 2023, contingent upon the reporting person's continued employment through this date. |
| 6 | Derivative | Restricted Stock Units | 2023-11-11 | M | D | 34,932 | $0.00 | 34,932 | D | — · — to — | 34,932 Common Stock | (F1) The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis. (F3) On November 11, 2021, the reporting person was granted 104,796 RSUs, of which 34,932 vest on each of November 11, 2022, 2023 and 2024, contingent upon the reporting person's continued employment through these dates. |