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TUTOR PERINI CORP — Director's Dealing 2024
Mar 16, 2024
31352_dirs_2024-03-15_4e3b4b8a-c804-47ce-8831-04c6aea7f884.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TUTOR PERINI CORP (TPC)
CIK: 0000077543
Period of Report: 2024-03-13
Reporting Person: SMALLEY GARY G. (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-14 | Common Stock | S | 20303 | $12.40 | Disposed | 160507 | Direct |
| 2024-03-15 | Common Stock | S | 20304 | $12.63 | Disposed | 140203 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-13 | Phantom Stock Units | $ | A | 172048 | Acquired | Common Stock (172048) | Direct |
Footnotes
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.
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.
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.