Form 4 for TPC TUTOR PERINI CORP
Accepted 2024-11-19 00:00:00 ET · period of report 2024-11-15 · accession 0000077543-24-000252 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-11-19 | 2024-11-15 | TPC | SMALLEY GARY G. | Pres | M - OptEx | — | +41.5K | 154.5K | +37% | — |
| D | 2024-11-19 | 2024-11-15 | TPC | SMALLEY GARY G. | Pres | D - Sale to Iss | $27.73 | -41.5K | 113.1K | -27% | -$1.15M |
| D | 2024-11-19 | 2024-11-15 | TPC | SMALLEY GARY G. | Pres | M - OptEx | $0.00 | -41.5K | 82.9K | -33% | $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 | 2024-11-15 | M | A | 41,459 | — | 154,534 | D | — | — | (F1) On November 15, 2023, the reporting person was granted 124,379 cash-settled phantom stock units, of which 41,459 vest on November 15, 2024, and 41,460 vest on each of November 15, 2025 and 2026, contingent upon the reporting person's continued employment through each applicable vesting date. These phantom stock units are considered derivative securities settled in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock of Tutor Perini Corporation (Issuer) on the applicable vesting date. The reporting person did not purchase or sell any shares of common stock in the settlement of this award, however, the transaction is required to be reported as an acquisition and disposition back to the Issuer under SEC reporting principles. |
| 2 | Common | Common Stock | 2024-11-15 | D | D | 41,459 | $27.73 | 113,075 | D | — | — | |
| 3 | Derivative | Phantom Stock Units | 2024-11-15 | M | D | 41,459 | $0.00 | 82,920 | D | — · — to — | 41,459 Common Stock | (F1) On November 15, 2023, the reporting person was granted 124,379 cash-settled phantom stock units, of which 41,459 vest on November 15, 2024, and 41,460 vest on each of November 15, 2025 and 2026, contingent upon the reporting person's continued employment through each applicable vesting date. These phantom stock units are considered derivative securities settled in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock of Tutor Perini Corporation (Issuer) on the applicable vesting date. The reporting person did not purchase or sell any shares of common stock in the settlement of this award, however, the transaction is required to be reported as an acquisition and disposition back to the Issuer under SEC reporting principles. |