Form 4 for TPC TUTOR PERINI CORP
Accepted 2025-03-14 00:00:00 ET · period of report 2025-03-12 · accession 0000077543-25-000041 · 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 | 2025-03-14 | 2025-03-13 | TPC | TUTOR RONALD N | Dir, 10%, Executive COB | M - OptEx | — | +152.9K | 152.9K | New | — |
| D | 2025-03-14 | 2025-03-13 | TPC | TUTOR RONALD N | Dir, 10%, Executive COB | D - Sale to Iss | $24.65 | -152.9K | 0 | -100% | -$3.77M |
| D | 2025-03-14 | 2025-03-13 | TPC | TUTOR RONALD N | Dir, 10%, Executive COB | M - OptEx | $0.00 | -152.9K | 305.9K | -33% | $0 |
| D | 2025-03-14 | 2025-03-12 | TPC | TUTOR RONALD N | Dir, 10%, Executive COB | A - Grant | $0.00 | +155.5K | 155.5K | 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 | 2025-03-13 | M | A | 152,932 | — | 152,932 | D | — | — | (F1) On March 13, 2024, the reporting person was granted 458,795 cash-settled phantom stock units, of which 152,932 vest on each of March 13, 2025 and 2026, and 152,931 vest on December 31, 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 | 2025-03-13 | D | D | 152,932 | $24.65 | 0 | D | — | — | |
| 3 | Derivative | Phantom Stock Units | 2025-03-13 | M | D | 152,932 | $0.00 | 305,863 | D | — · — to — | 152,932 Common Stock | (F1) On March 13, 2024, the reporting person was granted 458,795 cash-settled phantom stock units, of which 152,932 vest on each of March 13, 2025 and 2026, and 152,931 vest on December 31, 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. |
| 4 | Derivative | Phantom Stock Units | 2025-03-12 | A | A | 155,509 | $0.00 | 155,509 | D | — · — to — | 155,509 Common Stock | (F2) On March 12, 2025, the reporting person was granted 155,509 cash-settled phantom stock units that vest on March 12, 2026 contingent upon the reporting person's continued employment through the 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 vesting date. |