Form 4 for TPC TUTOR PERINI CORP
Accepted 2024-03-15 00:00:00 ET · period of report 2024-03-13 · accession 0000077543-24-000037 · 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 | 2024-03-15 | 2024-03-14+ | TPC | SMALLEY GARY G. | Pres | S - Sale | $12.52 | -40.6K | 140.2K | -22% | -$508.2K |
| D | 2024-03-15 | 2024-03-13 | TPC | SMALLEY GARY G. | Pres | A - Grant | $0.00 | +172.0K | 172.0K | New | $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 | 2024-03-14 | S | D | 20,303 | $12.40 | 160,507 | D | — | — | (F1) The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.30 to $12.80, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. |
| 2 | Common | Common Stock | 2024-03-15 | S | D | 20,304 | $12.63 | 140,203 | D | — | — | (F2) The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.32 to $12.80, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. |
| 3 | Derivative | Phantom Stock Units | 2024-03-13 | A | A | 172,048 | $0.00 | 172,048 | D | — · — to — | 172,048 Common Stock | (F3) 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. (F4) On March 13, 2024, the reporting person was granted 172,048 cash-settled phantom stock units, of which 57,349 vest on each of March 13, 2025 and 2026, and 57,350 vest on March 13, 2027, contingent upon the reporting person's continued employment through each applicable vesting date. |