Ghassan Ariqat - 01 Apr 2023 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role
Executive Vice President
Signature
/s/ Anthony C. Fiore, Attorney-in-Fact
Issuer symbol
TPC
Transactions as of
01 Apr 2023
Transactions value $
-$185,100
Form type
4
Filing time
04 Apr 2023, 19:29:21 UTC
Previous filing
30 Jan 2023
Next filing
03 Apr 2024
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 +30K +253.06% 41.9K 01 Apr 2023 Direct F1
transaction TPC Common Stock Disposed to Issuer -$185K -30K -71.68% $6.17* 11.9K 01 Apr 2023 Direct F1

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 -30K -33.33% $0.00 60K 01 Apr 2023 Common Stock 30K 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 January 26, 2023, the reporting person was granted 90,000 cash-settled phantom stock units, of which 30,000 vest on each of April 1, 2023, 2024 and 2025, contingent upon the reporting person's continued employment through these dates.