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TUTOR PERINI CORP — Director's Dealing 2025
Mar 15, 2025
31352_dirs_2025-03-14_9d165f4f-59b2-4d79-b45f-f09980176446.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: 2025-03-12
Reporting Person: SOROKA RYAN JOSEPH (Executive VP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-13 | Common Stock | M | 4779 | — | Acquired | 43081 | Direct |
| 2025-03-13 | Common Stock | D | 4779 | $24.65 | Disposed | 38302 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-13 | Phantom Stock Units | $ | M | 4779 | Disposed | Common Stock (4779) | Direct | |
| 2025-03-12 | Phantom Stock Units | $ | A | 17495 | Acquired | Common Stock (17495) | Direct |
Footnotes
F1: On March 13, 2024, the reporting person was granted 14,337 cash-settled phantom stock units, of which 4,779 vest on each of March 13, 2025, 2026 and 2027, 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.
F2: On March 12, 2025, the reporting person was granted 17,495 cash-settled phantom stock units, of which 5,831 vest on March 12, 2026 and 5,832 vest on each of March 12, 2027 and 2028, 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.