TUTOR PERINI CORP — Director's Dealing 2023

Nov 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TUTOR PERINI CORP (TPC)
CIK: 0000077543
Period of Report: 2023-11-11

Reporting Person: SMALLEY GARY G. (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-11	Common Stock	M	34932	—	Acquired	212414	Direct
2023-11-11	Common Stock	F	31604	$7.35	Disposed	180810	Direct
2023-11-11	Common Stock	M	45000	—	Acquired	225810	Direct
2023-11-11	Common Stock	D	45000	$20	Disposed	180810	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-11	Restricted Stock Units	$	M	34932	Disposed		Common Stock (34932)	Direct
2023-11-11	Restricted Stock Units	$	M	45000	Disposed		Common Stock (45000)	Direct

Footnotes

F1: The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis.

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.

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.

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.