Kristiyan D. Assouri - Mar 12, 2025 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: EVP and Chief Legal Officer
Signature: /s/ Ifigenia Protopappas, Attorney-in-Fact
Stock symbol: TPC
Transactions as of: Mar 12, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/14/2025, 07:18 PM
Previous filing: Jun 3, 2024
SEC: View on sec.gov

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	Award	$0	+17.5K		$0.00	17.5K	Mar 12, 2025	Common Stock	17.5K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	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.
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.

Content

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.

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.