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[Form 4] Tutor Perini Corporation Insider Trading Activity

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Form Type
4
Rhea-AI Filing Summary

William E. Jensen, Executive Vice President of Tutor Perini Corp (TPC), reported significant changes in equity compensation structure on June 19, 2025. The transaction involved two key components:

  • Cancellation of 33,013 phantom stock units originally granted on May 15, 2025, which were scheduled to vest in two installments (16,506 units in 2026 and 16,507 units in 2027)
  • Replacement with 78,609 restricted stock units (RSUs) that convert to common stock on a 1:1 basis, vesting in three equal installments on June 19 of 2026, 2027, and 2028

This modification transforms the executive's compensation from cash-settled phantom units to equity-settled RSUs, demonstrating a shift toward greater alignment with shareholder interests. The new RSUs are contingent upon Jensen's continued employment through the vesting dates.

William E. Jensen, Vicepresidente Esecutivo di Tutor Perini Corp (TPC), ha annunciato il 19 giugno 2025 importanti cambiamenti nella struttura della compensazione azionaria. L'operazione ha riguardato due elementi principali:

  • La cancellazione di 33.013 unit脿 di azioni fantasma originariamente assegnate il 15 maggio 2025, con un piano di maturazione in due tranche (16.506 unit脿 nel 2026 e 16.507 unit脿 nel 2027)
  • La sostituzione con 78.609 unit脿 di azioni vincolate (RSU) convertibili in azioni ordinarie con un rapporto 1:1, che maturano in tre tranche uguali il 19 giugno del 2026, 2027 e 2028

Questa modifica trasforma la compensazione dell'esecutivo da unit脿 fantasma regolate in contanti a RSU regolate in azioni, evidenziando un orientamento verso un maggiore allineamento con gli interessi degli azionisti. Le nuove RSU sono subordinate alla permanenza di Jensen in azienda fino alle date di maturazione.

William E. Jensen, Vicepresidente Ejecutivo de Tutor Perini Corp (TPC), 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 dos componentes clave:

  • Cancelaci贸n de 33,013 unidades de acciones fantasma otorgadas originalmente el 15 de mayo de 2025, con vesting en dos partes (16,506 unidades en 2026 y 16,507 unidades en 2027)
  • Sustituci贸n por 78,609 unidades restringidas de acciones (RSU) que se convierten en acciones ordinarias a raz贸n de 1:1, con vesting en tres cuotas iguales el 19 de junio de 2026, 2027 y 2028

Esta modificaci贸n convierte la compensaci贸n del ejecutivo de unidades fantasma liquidadas en efectivo a RSU liquidadas en acciones, mostrando un cambio hacia una mayor alineaci贸n con los intereses de los accionistas. Las nuevas RSU dependen de que Jensen contin煤e empleado hasta las fechas de vesting.

鞙岆Μ鞐� E. 鞝犾姩, Tutor Perini Corp (TPC) 鞝勲 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. 鞚措矆 瓯半灅電� 霊� 臧�歆� 欤检殧 鞖旍唽搿� 甑劚霅橃棃鞀惦媹雼�:

  • 2025雲� 5鞗� 15鞚检棎 攵�鞐悳 33,013臧滌潣 韺厐 鞀ろ啞 鞙犽嫑 旆唽, 鞚� 鞙犽嫑霌れ潃 2026雲勱臣 2027雲勳棎 臧侁皝 16,506臧滌檧 16,507臧滊 霊� 彀鞐� 瓯胳硱 氩犾姢韺� 鞓堨爼鞚挫棃鞀惦媹雼�
  • 鞚措ゼ 雽�觳错晿電� 78,609臧滌潣 鞝滍暅 欤检嫕 鞙犽嫑(RSU)鞙茧, 1:1 牍勳湪搿� 氤错喌欤茧 鞝勴櫂霅橂┌ 2026雲�, 2027雲�, 2028雲� 6鞗� 19鞚检棎 靹� 氩堨棎 瓯胳硱 霃欖澕頃� 牍勳湪搿� 氩犾姢韺呺惄雼堧嫟

鞚� 氤�瓴届潃 鞛勳洂鞚� 氤挫儊鞚� 順勱笀 鞝曥偘霅橂姅 韺厐 鞙犽嫑鞐愳劀 欤检嫕 鞝曥偘霅橂姅 RSU搿� 鞝勴櫂頃橂姅 瓴冹溂搿�, 欤检＜ 鞚挫澋瓿检潣 雿� 韥� 鞚检箻毳� 頄ロ暅 氤�頇旍瀯鞚� 氤挫棳欷嶋媹雼�. 靸堧鞖� RSU電� 鞝犾姩鞚� 氩犾姢韺� 雮犾旯岇 瓿勳啀 瓿犾毄 靸來儨毳� 鞙犾頃橂姅 瓴冹潉 臁瓣贝鞙茧 頃╇媹雼�.

William E. Jensen, Vice-Pr茅sident Ex茅cutif de Tutor Perini Corp (TPC), a annonc茅 le 19 juin 2025 des changements significatifs dans la structure de sa r茅mun茅ration en actions. La transaction comprenait deux 茅l茅ments cl茅s :

  • Annulation de 33 013 unit茅s d鈥檃ctions fant么mes initialement attribu茅es le 15 mai 2025, avec un vesting en deux tranches (16 506 unit茅s en 2026 et 16 507 unit茅s en 2027)
  • Remplacement par 78 609 unit茅s d鈥檃ctions restreintes (RSU) convertibles en actions ordinaires au taux de 1 pour 1, avec un vesting en trois tranches 茅gales les 19 juin 2026, 2027 et 2028

Cette modification transforme la r茅mun茅ration de l鈥檈x茅cutif, passant d鈥檜nit茅s fant么mes r茅gl茅es en esp猫ces 脿 des RSU r茅gl茅es en actions, illustrant une volont茅 d鈥檃lignement accru avec les int茅r锚ts des actionnaires. Les nouvelles RSU sont conditionn茅es 脿 la poursuite de l鈥檈mploi de Jensen jusqu鈥檃ux dates de vesting.

William E. Jensen, Executive Vice President von Tutor Perini Corp (TPC), meldete am 19. Juni 2025 wesentliche 脛nderungen in der Struktur der Aktienverg眉tung. Die Transaktion umfasste zwei Hauptbestandteile:

  • Stornierung von 33.013 Phantom-Aktieneinheiten, die urspr眉nglich am 15. Mai 2025 gew盲hrt wurden und in zwei Tranchen (16.506 Einheiten 2026 und 16.507 Einheiten 2027) vesten sollten
  • Ersetzung durch 78.609 Restricted Stock Units (RSUs), die im Verh盲ltnis 1:1 in Stammaktien umgewandelt werden und in drei gleichen Tranchen am 19. Juni 2026, 2027 und 2028 vesten

Diese 脛nderung wandelt die Verg眉tung des Executives von barabgerechneten Phantom-Einheiten zu aktienbasierten RSUs um und zeigt eine st盲rkere Ausrichtung an den Interessen der Aktion盲re. Die neuen RSUs setzen voraus, dass Jensen bis zu den Vesting-Terminen weiterhin besch盲ftigt bleibt.

Positive
  • None.
Negative
  • None.

William E. Jensen, Vicepresidente Esecutivo di Tutor Perini Corp (TPC), ha annunciato il 19 giugno 2025 importanti cambiamenti nella struttura della compensazione azionaria. L'operazione ha riguardato due elementi principali:

  • La cancellazione di 33.013 unit脿 di azioni fantasma originariamente assegnate il 15 maggio 2025, con un piano di maturazione in due tranche (16.506 unit脿 nel 2026 e 16.507 unit脿 nel 2027)
  • La sostituzione con 78.609 unit脿 di azioni vincolate (RSU) convertibili in azioni ordinarie con un rapporto 1:1, che maturano in tre tranche uguali il 19 giugno del 2026, 2027 e 2028

Questa modifica trasforma la compensazione dell'esecutivo da unit脿 fantasma regolate in contanti a RSU regolate in azioni, evidenziando un orientamento verso un maggiore allineamento con gli interessi degli azionisti. Le nuove RSU sono subordinate alla permanenza di Jensen in azienda fino alle date di maturazione.

William E. Jensen, Vicepresidente Ejecutivo de Tutor Perini Corp (TPC), 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 dos componentes clave:

  • Cancelaci贸n de 33,013 unidades de acciones fantasma otorgadas originalmente el 15 de mayo de 2025, con vesting en dos partes (16,506 unidades en 2026 y 16,507 unidades en 2027)
  • Sustituci贸n por 78,609 unidades restringidas de acciones (RSU) que se convierten en acciones ordinarias a raz贸n de 1:1, con vesting en tres cuotas iguales el 19 de junio de 2026, 2027 y 2028

Esta modificaci贸n convierte la compensaci贸n del ejecutivo de unidades fantasma liquidadas en efectivo a RSU liquidadas en acciones, mostrando un cambio hacia una mayor alineaci贸n con los intereses de los accionistas. Las nuevas RSU dependen de que Jensen contin煤e empleado hasta las fechas de vesting.

鞙岆Μ鞐� E. 鞝犾姩, Tutor Perini Corp (TPC) 鞝勲 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. 鞚措矆 瓯半灅電� 霊� 臧�歆� 欤检殧 鞖旍唽搿� 甑劚霅橃棃鞀惦媹雼�:

  • 2025雲� 5鞗� 15鞚检棎 攵�鞐悳 33,013臧滌潣 韺厐 鞀ろ啞 鞙犽嫑 旆唽, 鞚� 鞙犽嫑霌れ潃 2026雲勱臣 2027雲勳棎 臧侁皝 16,506臧滌檧 16,507臧滊 霊� 彀鞐� 瓯胳硱 氩犾姢韺� 鞓堨爼鞚挫棃鞀惦媹雼�
  • 鞚措ゼ 雽�觳错晿電� 78,609臧滌潣 鞝滍暅 欤检嫕 鞙犽嫑(RSU)鞙茧, 1:1 牍勳湪搿� 氤错喌欤茧 鞝勴櫂霅橂┌ 2026雲�, 2027雲�, 2028雲� 6鞗� 19鞚检棎 靹� 氩堨棎 瓯胳硱 霃欖澕頃� 牍勳湪搿� 氩犾姢韺呺惄雼堧嫟

鞚� 氤�瓴届潃 鞛勳洂鞚� 氤挫儊鞚� 順勱笀 鞝曥偘霅橂姅 韺厐 鞙犽嫑鞐愳劀 欤检嫕 鞝曥偘霅橂姅 RSU搿� 鞝勴櫂頃橂姅 瓴冹溂搿�, 欤检＜ 鞚挫澋瓿检潣 雿� 韥� 鞚检箻毳� 頄ロ暅 氤�頇旍瀯鞚� 氤挫棳欷嶋媹雼�. 靸堧鞖� RSU電� 鞝犾姩鞚� 氩犾姢韺� 雮犾旯岇 瓿勳啀 瓿犾毄 靸來儨毳� 鞙犾頃橂姅 瓴冹潉 臁瓣贝鞙茧 頃╇媹雼�.

William E. Jensen, Vice-Pr茅sident Ex茅cutif de Tutor Perini Corp (TPC), a annonc茅 le 19 juin 2025 des changements significatifs dans la structure de sa r茅mun茅ration en actions. La transaction comprenait deux 茅l茅ments cl茅s :

  • Annulation de 33 013 unit茅s d鈥檃ctions fant么mes initialement attribu茅es le 15 mai 2025, avec un vesting en deux tranches (16 506 unit茅s en 2026 et 16 507 unit茅s en 2027)
  • Remplacement par 78 609 unit茅s d鈥檃ctions restreintes (RSU) convertibles en actions ordinaires au taux de 1 pour 1, avec un vesting en trois tranches 茅gales les 19 juin 2026, 2027 et 2028

Cette modification transforme la r茅mun茅ration de l鈥檈x茅cutif, passant d鈥檜nit茅s fant么mes r茅gl茅es en esp猫ces 脿 des RSU r茅gl茅es en actions, illustrant une volont茅 d鈥檃lignement accru avec les int茅r锚ts des actionnaires. Les nouvelles RSU sont conditionn茅es 脿 la poursuite de l鈥檈mploi de Jensen jusqu鈥檃ux dates de vesting.

William E. Jensen, Executive Vice President von Tutor Perini Corp (TPC), meldete am 19. Juni 2025 wesentliche 脛nderungen in der Struktur der Aktienverg眉tung. Die Transaktion umfasste zwei Hauptbestandteile:

  • Stornierung von 33.013 Phantom-Aktieneinheiten, die urspr眉nglich am 15. Mai 2025 gew盲hrt wurden und in zwei Tranchen (16.506 Einheiten 2026 und 16.507 Einheiten 2027) vesten sollten
  • Ersetzung durch 78.609 Restricted Stock Units (RSUs), die im Verh盲ltnis 1:1 in Stammaktien umgewandelt werden und in drei gleichen Tranchen am 19. Juni 2026, 2027 und 2028 vesten

Diese 脛nderung wandelt die Verg眉tung des Executives von barabgerechneten Phantom-Einheiten zu aktienbasierten RSUs um und zeigt eine st盲rkere Ausrichtung an den Interessen der Aktion盲re. Die neuen RSUs setzen voraus, dass Jensen bis zu den Vesting-Terminen weiterhin besch盲ftigt bleibt.

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*
Jensen William E
(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) 33,013 (1) (1) Common Stock 33,013 $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 of which 16,506 were to vest on May 15, 2026 and 16,507 were to vest on May 15, 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 William E. Jensen exchanged 33,013 phantom stock units for 78,609 restricted stock units (RSUs). The phantom stock units were cancelled and replaced with RSUs that will vest in three equal installments on June 19, 2026, 2027, and 2028.

How many restricted stock units (RSUs) did TPC's EVP William Jensen receive?

William Jensen received 78,609 restricted stock units (RSUs) on June 19, 2025. These RSUs represent the right to receive an equal number of common stock shares upon vesting.

What is the vesting schedule for TPC EVP Jensen's new restricted stock units?

The 78,609 RSUs will vest in three equal installments on June 19, 2026, 2027, and 2028. Vesting is contingent upon Jensen's continued employment through these dates.

What was the value of the phantom stock units that TPC's EVP exchanged?

The original phantom stock units were granted on May 15, 2025, and were designed to settle in cash based on TPC's stock price on the vesting date. The units were to vest in two portions: 16,506 units on May 15, 2026, and 16,507 units on May 15, 2027.
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Tutor Perini

NYSE:TPC

TPC Rankings

#2657 Ranked by Market Cap
N/A Ranked by Dividends
#45 Top Gainer

TPC Latest News

Aug 6, 2025
Tutor Perini Reports Strong Second Quarter 2025 Results; Raises 2025 EPS Guidance
Jul 29, 2025
Tutor Perini Announces Conference Call to Discuss Second Quarter 2025 Results
Jul 22, 2025
Perini Management Services, Inc. Announces Two Projects Collectively Valued at $48.9 Million
Jul 1, 2025
Tutor Perini Building Corp. Awarded $220 Million Eagle Mountain Casino Phase 2 Expansion
Jun 30, 2025
Tutor Perini to be Awarded $1.871 Billion Staging and Storage Facility and Ramp Structure for the Midtown Bus Terminal Redevelopment

TPC Latest SEC Filings

Aug 6, 2025
[10-Q] Tutor Perini Corporation Quarterly Earnings Report
Aug 6, 2025
[8-K] Tutor Perini Corporation Reports Material Event
Jul 15, 2025
[SCHEDULE 13G/A] Tutor Perini Corporation SEC Filing
Jun 20, 2025
[Form 4] Tutor Perini Corporation Insider Trading Activity
Jun 20, 2025
[Form 4] Tutor Perini Corporation Insider Trading Activity

TPC Stock Data

2.51B
43.94M
16.62%
74.26%
3.91%
Engineering & Construction
General Bldg Contractors - Nonresidential Bldgs
United States
SYLMAR