Ronald N. Tutor - Mar 12, 2025 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: Director, Executive Chairman, 10%+ Owner
Signature: /s/ Ifigenia Protopappas, Attorney-in-Fact
Stock symbol: TPC
Transactions as of: Mar 12, 2025
Transactions value $: -$3,769,774
Form type: 4
Date filed: 3/14/2025, 07:05 PM
Previous filing: Mar 11, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPC	Common Stock	Options Exercise		+153K			153K	Mar 13, 2025	Direct	F1
transaction	TPC	Common Stock	Disposed to Issuer	-$3.77M	-153K	-100%	$24.65	0	Mar 13, 2025	Direct	F1
holding	TPC	Common Stock						3.39M	Mar 12, 2025	By Tutor Marital Property Trust
holding	TPC	Common Stock						2.36M	Mar 12, 2025	By Ronald N. Tutor Separate Property Trust
holding	TPC	Common Stock						1.53M	Mar 12, 2025	By Ronald N. Tutor 2018 Dynasty Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TPC	Phantom Stock Units	Options Exercise	$0	-153K	-33.33%	$0.00	306K	Mar 13, 2025	Common Stock	153K		Direct	F1
transaction	TPC	Phantom Stock Units	Award	$0	+156K		$0.00	156K	Mar 12, 2025	Common Stock	156K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.
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.

Content

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.

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.