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[Form 4] Tutor Perini Corporation Insider Trading Activity

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Form Type
4
Rhea-AI Filing Summary

Tutor Perini Corp Executive Vice President Ghassan Ariqat reported significant changes in equity compensation structure on June 19, 2025. The transaction involved:

  • Cancellation of 41,266 phantom stock units originally granted on May 15, 2025, which were cash-settled and scheduled to vest in two equal installments (2026 and 2027)
  • Replacement with 78,609 restricted stock units (RSUs) that convert to common stock on a 1:1 basis
  • New RSUs vest in three equal installments on June 19 of 2026, 2027, and 2028

This modification shifts the executive's compensation from cash-settled units to equity-settled RSUs, better aligning with shareholder interests. The vesting schedule extends by one year and splits into three tranches instead of two, strengthening retention incentives. All vesting remains contingent on continued employment.

Ghassan Ariqat, Vice Presidente Esecutivo di Tutor Perini Corp, ha comunicato il 19 giugno 2025 importanti modifiche nella struttura della compensazione azionaria. L'operazione ha previsto:

  • La cancellazione di 41.266 unit脿 di azioni fantasma originariamente assegnate il 15 maggio 2025, liquidate in contanti e con maturazione prevista in due rate uguali (2026 e 2027)
  • La sostituzione con 78.609 unit脿 di azioni vincolate (RSU) convertibili in azioni ordinarie con rapporto 1:1
  • Le nuove RSU maturano in tre rate uguali il 19 giugno del 2026, 2027 e 2028

Questa modifica sposta la remunerazione dell'esecutivo da unit脿 liquidate in contanti a RSU regolate in azioni, allineandola maggiormente agli interessi degli azionisti. Il calendario di maturazione si estende di un anno e si suddivide in tre tranche invece di due, rafforzando gli incentivi alla permanenza. Tutte le maturazioni rimangono condizionate alla continuit脿 lavorativa.

Ghassan Ariqat, Vicepresidente Ejecutivo de Tutor Perini Corp, inform贸 el 19 de junio de 2025 cambios significativos en la estructura de compensaci贸n en acciones. La transacci贸n incluy贸:

  • Cancelaci贸n de 41,266 unidades de acciones fantasma otorgadas originalmente el 15 de mayo de 2025, liquidadas en efectivo y con vesting en dos cuotas iguales (2026 y 2027)
  • Sustituci贸n por 78,609 unidades de acciones restringidas (RSU) que se convierten en acciones comunes en una proporci贸n 1:1
  • Las nuevas RSU se consolidan en tres cuotas iguales el 19 de junio de 2026, 2027 y 2028

Esta modificaci贸n cambia la compensaci贸n del ejecutivo de unidades liquidadas en efectivo a RSU liquidadas en acciones, aline谩ndose mejor con los intereses de los accionistas. El calendario de consolidaci贸n se extiende un a帽o y se divide en tres tramos en lugar de dos, fortaleciendo los incentivos de retenci贸n. Todas las consolidaciones dependen de la continuidad laboral.

Ghassan Ariqat 韸滍劙 韼橂Μ雼� 旖旐嵓霠堨澊靺� 攵�靷灔鞚� 2025雲� 6鞗� 19鞚� 欤检嫕 氤挫儊 甑“鞐� 欷戨寑頃� 氤�頇旊ゼ 氤搓碃頄堨姷雼堧嫟. 瓯半灅 雮挫毄鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:

  • 2025雲� 5鞗� 15鞚检棎 攵�鞐悳 41,266臧滌潣 韺厐 鞀ろ啞 鞙犽嫑鞚� 旆唽頃橃榾鞙茧┌, 鞚措姅 順勱笀 鞝曥偘霅橁碃 2026雲勱臣 2027雲勳棎 臧侁皝 鞝堧皹鞌� 氩犾姢韺� 鞓堨爼鞚挫棃鞀惦媹雼�.
  • 78,609臧滌潣 鞝滍暅 欤检嫕 鞙犽嫑(RSU)搿� 雽�觳措悩鞐堨溂氅�, 1:1 牍勳湪搿� 氤错喌欤茧 鞝勴櫂霅╇媹雼�.
  • 靸堧鞖� RSU電� 2026雲�, 2027雲�, 2028雲� 6鞗� 19鞚检棎 臧侁皝 霃欖澕頃� 靹� 氩堨潣 氩犾姢韺呾溂搿� 鞚措（鞏挫雼堧嫟.

鞚措矆 氤�瓴届潃 鞛勳洂鞚� 氤挫儊 氚╈嫕鞚� 順勱笀 鞝曥偘 鞙犽嫑鞐愳劀 欤检嫕 鞝曥偘 RSU搿� 鞝勴櫂頃橃棳 欤检＜ 鞚挫澋瓿� 雿� 鞛� 鞚检箻鞁滍偆電� 瓴冹瀰雼堧嫟. 氩犾姢韺� 鞚检爼鞚� 1雲� 鞐办灔霅橁碃 霊� 氩堨棎靹� 靹� 氩堨溂搿� 雮橂墭鞏� 鞙犾 鞚胳劶韹半笇毳� 臧曧檾頃╇媹雼�. 氇摖 氩犾姢韺呾潃 瓿勳啀 瓿犾毄 臁瓣贝鞐� 霐半澕 鞚措（鞏挫雼堧嫟.

Ghassan Ariqat, Vice-Pr茅sident Ex茅cutif de Tutor Perini Corp, a annonc茅 le 19 juin 2025 des modifications importantes dans la structure de la r茅mun茅ration en actions. La transaction comprenait :

  • Annulation de 41 266 unit茅s d鈥檃ctions fant么mes initialement attribu茅es le 15 mai 2025, r茅gl茅es en esp猫ces et devant 锚tre acquises en deux versements 茅gaux (2026 et 2027)
  • Remplacement par 78 609 unit茅s d鈥檃ctions restreintes (RSU) convertibles en actions ordinaires au ratio 1:1
  • Les nouvelles RSU seront acquises en trois versements 茅gaux les 19 juin 2026, 2027 et 2028

Cette modification transf猫re la r茅mun茅ration de l鈥檈x茅cutif des unit茅s r茅gl茅es en esp猫ces vers des RSU r茅gl茅es en actions, mieux align茅es avec les int茅r锚ts des actionnaires. Le calendrier d鈥檃cquisition s鈥櫭﹖end d鈥檜n an et se divise en trois tranches au lieu de deux, renfor莽ant les incitations 脿 la r茅tention. Toutes les acquisitions restent conditionn茅es 脿 la poursuite de l鈥檈mploi.

Ghassan Ariqat, Executive Vice President von Tutor Perini Corp, berichtete am 19. Juni 2025 眉ber bedeutende 脛nderungen in der Struktur der Aktienverg眉tung. Die Transaktion umfasste:

  • Stornierung von 41.266 Phantomaktieneinheiten, die urspr眉nglich am 15. Mai 2025 gew盲hrt wurden, bar abgewickelt und mit Vesting in zwei gleichen Raten (2026 und 2027)
  • Ersetzung durch 78.609 Restricted Stock Units (RSUs), die im Verh盲ltnis 1:1 in Stammaktien umgewandelt werden
  • Neue RSUs vesten in drei gleichen Raten am 19. Juni 2026, 2027 und 2028

Diese 脛nderung verlagert die Verg眉tung des Executives von barabgerechneten Einheiten zu aktienbasierten RSUs und stimmt sie besser mit den Interessen der Aktion盲re ab. Der Vesting-Zeitplan verl盲ngert sich um ein Jahr und teilt sich in drei Tranchen statt zwei, wodurch die Bindungsanreize gest盲rkt werden. Alle Vestings bleiben an die fortgesetzte Besch盲ftigung gebunden.

Positive
  • Executive VP's compensation structure improved with conversion of 41,266 phantom stock units to 78,609 restricted stock units, providing direct equity ownership rather than cash-settled units
  • New RSU grant represents a nearly 2x increase in units (78,609 vs 41,266), indicating strong retention incentives
Negative
  • None.

Ghassan Ariqat, Vice Presidente Esecutivo di Tutor Perini Corp, ha comunicato il 19 giugno 2025 importanti modifiche nella struttura della compensazione azionaria. L'operazione ha previsto:

  • La cancellazione di 41.266 unit脿 di azioni fantasma originariamente assegnate il 15 maggio 2025, liquidate in contanti e con maturazione prevista in due rate uguali (2026 e 2027)
  • La sostituzione con 78.609 unit脿 di azioni vincolate (RSU) convertibili in azioni ordinarie con rapporto 1:1
  • Le nuove RSU maturano in tre rate uguali il 19 giugno del 2026, 2027 e 2028

Questa modifica sposta la remunerazione dell'esecutivo da unit脿 liquidate in contanti a RSU regolate in azioni, allineandola maggiormente agli interessi degli azionisti. Il calendario di maturazione si estende di un anno e si suddivide in tre tranche invece di due, rafforzando gli incentivi alla permanenza. Tutte le maturazioni rimangono condizionate alla continuit脿 lavorativa.

Ghassan Ariqat, Vicepresidente Ejecutivo de Tutor Perini Corp, inform贸 el 19 de junio de 2025 cambios significativos en la estructura de compensaci贸n en acciones. La transacci贸n incluy贸:

  • Cancelaci贸n de 41,266 unidades de acciones fantasma otorgadas originalmente el 15 de mayo de 2025, liquidadas en efectivo y con vesting en dos cuotas iguales (2026 y 2027)
  • Sustituci贸n por 78,609 unidades de acciones restringidas (RSU) que se convierten en acciones comunes en una proporci贸n 1:1
  • Las nuevas RSU se consolidan en tres cuotas iguales el 19 de junio de 2026, 2027 y 2028

Esta modificaci贸n cambia la compensaci贸n del ejecutivo de unidades liquidadas en efectivo a RSU liquidadas en acciones, aline谩ndose mejor con los intereses de los accionistas. El calendario de consolidaci贸n se extiende un a帽o y se divide en tres tramos en lugar de dos, fortaleciendo los incentivos de retenci贸n. Todas las consolidaciones dependen de la continuidad laboral.

Ghassan Ariqat 韸滍劙 韼橂Μ雼� 旖旐嵓霠堨澊靺� 攵�靷灔鞚� 2025雲� 6鞗� 19鞚� 欤检嫕 氤挫儊 甑“鞐� 欷戨寑頃� 氤�頇旊ゼ 氤搓碃頄堨姷雼堧嫟. 瓯半灅 雮挫毄鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:

  • 2025雲� 5鞗� 15鞚检棎 攵�鞐悳 41,266臧滌潣 韺厐 鞀ろ啞 鞙犽嫑鞚� 旆唽頃橃榾鞙茧┌, 鞚措姅 順勱笀 鞝曥偘霅橁碃 2026雲勱臣 2027雲勳棎 臧侁皝 鞝堧皹鞌� 氩犾姢韺� 鞓堨爼鞚挫棃鞀惦媹雼�.
  • 78,609臧滌潣 鞝滍暅 欤检嫕 鞙犽嫑(RSU)搿� 雽�觳措悩鞐堨溂氅�, 1:1 牍勳湪搿� 氤错喌欤茧 鞝勴櫂霅╇媹雼�.
  • 靸堧鞖� RSU電� 2026雲�, 2027雲�, 2028雲� 6鞗� 19鞚检棎 臧侁皝 霃欖澕頃� 靹� 氩堨潣 氩犾姢韺呾溂搿� 鞚措（鞏挫雼堧嫟.

鞚措矆 氤�瓴届潃 鞛勳洂鞚� 氤挫儊 氚╈嫕鞚� 順勱笀 鞝曥偘 鞙犽嫑鞐愳劀 欤检嫕 鞝曥偘 RSU搿� 鞝勴櫂頃橃棳 欤检＜ 鞚挫澋瓿� 雿� 鞛� 鞚检箻鞁滍偆電� 瓴冹瀰雼堧嫟. 氩犾姢韺� 鞚检爼鞚� 1雲� 鞐办灔霅橁碃 霊� 氩堨棎靹� 靹� 氩堨溂搿� 雮橂墭鞏� 鞙犾 鞚胳劶韹半笇毳� 臧曧檾頃╇媹雼�. 氇摖 氩犾姢韺呾潃 瓿勳啀 瓿犾毄 臁瓣贝鞐� 霐半澕 鞚措（鞏挫雼堧嫟.

Ghassan Ariqat, Vice-Pr茅sident Ex茅cutif de Tutor Perini Corp, a annonc茅 le 19 juin 2025 des modifications importantes dans la structure de la r茅mun茅ration en actions. La transaction comprenait :

  • Annulation de 41 266 unit茅s d鈥檃ctions fant么mes initialement attribu茅es le 15 mai 2025, r茅gl茅es en esp猫ces et devant 锚tre acquises en deux versements 茅gaux (2026 et 2027)
  • Remplacement par 78 609 unit茅s d鈥檃ctions restreintes (RSU) convertibles en actions ordinaires au ratio 1:1
  • Les nouvelles RSU seront acquises en trois versements 茅gaux les 19 juin 2026, 2027 et 2028

Cette modification transf猫re la r茅mun茅ration de l鈥檈x茅cutif des unit茅s r茅gl茅es en esp猫ces vers des RSU r茅gl茅es en actions, mieux align茅es avec les int茅r锚ts des actionnaires. Le calendrier d鈥檃cquisition s鈥櫭﹖end d鈥檜n an et se divise en trois tranches au lieu de deux, renfor莽ant les incitations 脿 la r茅tention. Toutes les acquisitions restent conditionn茅es 脿 la poursuite de l鈥檈mploi.

Ghassan Ariqat, Executive Vice President von Tutor Perini Corp, berichtete am 19. Juni 2025 眉ber bedeutende 脛nderungen in der Struktur der Aktienverg眉tung. Die Transaktion umfasste:

  • Stornierung von 41.266 Phantomaktieneinheiten, die urspr眉nglich am 15. Mai 2025 gew盲hrt wurden, bar abgewickelt und mit Vesting in zwei gleichen Raten (2026 und 2027)
  • Ersetzung durch 78.609 Restricted Stock Units (RSUs), die im Verh盲ltnis 1:1 in Stammaktien umgewandelt werden
  • Neue RSUs vesten in drei gleichen Raten am 19. Juni 2026, 2027 und 2028

Diese 脛nderung verlagert die Verg眉tung des Executives von barabgerechneten Einheiten zu aktienbasierten RSUs und stimmt sie besser mit den Interessen der Aktion盲re ab. Der Vesting-Zeitplan verl盲ngert sich um ein Jahr und teilt sich in drei Tranchen statt zwei, wodurch die Bindungsanreize gest盲rkt werden. Alle Vestings bleiben an die fortgesetzte Besch盲ftigung gebunden.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ariqat Ghassan
(Last) (First) (Middle)
C/O TUTOR PERINI CORPORATION
15901 OLDEN STREET
(Street)
SYLMAR CA 91342
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TUTOR PERINI CORP [ TPC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
06/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (1) 06/19/2025 D(1) 41,266 (1) (1) Common Stock 41,266 $0 0 D
Restricted Stock Units (1) 06/19/2025 A(1) 78,609 (1) (1) Common Stock 78,609 $0 78,609 D
Explanation of Responses:
1. Represents the cancellation of phantom stock units granted on May 15, 2025, that were to settle in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock on the applicable vesting date, and which were to vest in two equal installments on May 15, 2026 and 2027, in exchange for the grant on June 19, 2025, of 78,609 restricted stock units that represent the right to shares of common stock, on a 1-for-1 basis, on the applicable vesting date, and which vest in three equal installments on each of June 19, 2026, 2027 and 2028, contingent upon the reporting person's continued employment through these dates.
Remarks:
/s/ Ifigenia Protopappas, Attorney-in-Fact 06/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What insider trading activity occurred at TPC (Tutor Perini) on June 19, 2025?

Executive Vice President Ghassan Ariqat exchanged 41,266 phantom stock units for 78,609 restricted stock units (RSUs). The phantom stock units were cancelled and replaced with RSUs that vest in three equal installments on June 19, 2026, 2027, and 2028.

What are the vesting terms for TPC's new RSUs granted to EVP Ariqat?

The 78,609 restricted stock units granted on June 19, 2025, vest in three equal installments on June 19, 2026, 2027, and 2028. The vesting is contingent upon the executive's continued employment through these dates.

How many TPC phantom stock units did Ghassan Ariqat cancel in June 2025?

Ghassan Ariqat cancelled 41,266 phantom stock units that were originally granted on May 15, 2025. These units were originally scheduled to vest in two equal installments on May 15, 2026 and 2027, and would have settled in cash based on TPC's stock price at vesting.

What is the conversion rate for TPC's new restricted stock units?

The restricted stock units convert to TPC common stock on a 1-for-1 basis, meaning each RSU represents the right to receive one share of common stock on the applicable vesting date.

What was the price of TPC's RSU grant to EVP Ariqat?

According to the Form 4 filing, the restricted stock units were granted at $0 cost to the executive. This is typical for RSU grants which represent a form of equity compensation.
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Tutor Perini

NYSE:TPC

TPC Rankings

#3223 Ranked by Market Cap
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TPC Latest News

Jun 30, 2025
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Jun 16, 2025
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Jun 11, 2025
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May 7, 2025
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TPC Latest SEC Filings

Jun 20, 2025
[Form 4] Tutor Perini Corporation Insider Trading Activity
Jun 20, 2025
[Form 4] Tutor Perini Corporation Insider Trading Activity
Jun 20, 2025
[8-K] Tutor Perini Corporation Reports Material Event

TPC Stock Data

2.35B
43.94M
17.38%
76.92%
2.58%
Engineering & Construction
General Bldg Contractors - Nonresidential Bldgs
United States
SYLMAR