4//SEC Filing
SMALLEY GARY G. 4
Accession 0000077543-25-000042
CIK 0000077543other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 7:07 PM ET
Size
16.9 KB
Accession
0000077543-25-000042
Insider Transaction Report
Form 4
SMALLEY GARY G.
DirectorCEO and President
Transactions
- Exercise/Conversion
Common Stock
2025-03-13+57,349→ 170,424 total - Disposition to Issuer
Common Stock
2025-03-13$24.65/sh−57,349$1,413,653→ 113,075 total - Exercise/Conversion
Phantom Stock Units
2025-03-13−57,349→ 114,699 total→ Common Stock (57,349 underlying) - Award
Phantom Stock Units
2025-03-12+77,754→ 77,754 total→ Common Stock (77,754 underlying) - Award
Cash-Settled Performance Stock Units
2024-03-13+172,048→ 172,048 total→ Common Stock (172,048 underlying) - Award
Cash-Settled Performance Stock Units
2023-01-01+238,727→ 238,727 total→ Common Stock (238,727 underlying)
Footnotes (4)
- [F1]On March 13, 2024, the reporting person was granted 172,048 cash-settled phantom stock units, of which 57,349 vest on each of March 13, 2025 and 2026, and 57,350 vest on March 13, 2027, 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 77,754 cash-settled phantom stock units, of which 25,918 vest on each of March 12, 2026, 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.
- [F3]Reflects the target number (Target Award) of cash-settled performance stock units (CPSUs) granted on March 13, 2024, which are scheduled to vest on December 31, 2026 based upon achievement of certain annualized stock price growth goals over a three-year performance period, with vesting ranging from 0% to 250% of the Target Award. The cash settlement amount will equal the number of shares that vest multiplied by the then fair market value of the shares. Due to an administrative error by the Company, the report for this award was filed late. The March 13, 2024 award was granted when the reporting person was President.
- [F4]Reflects the target number (Target Award) of cash-settled performance stock units (CPSUs) granted on January 1, 2023, which are scheduled to vest on December 31, 2025 based upon achievement of certain annualized stock price growth goals over a three-year performance period, with vesting ranging from 0% to 200% of the Target Award. The cash settlement amount will equal the number of shares that vest multiplied by the then fair market value of the shares. Due to an administrative error by the Company, the report for this award was filed late. The January 1, 2023 award was granted when the reporting person was Chief Financial Officer.
Documents
Issuer
TUTOR PERINI CORP
CIK 0000077543
Entity typeother
Related Parties
1- filerCIK 0001428396
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 7:07 PM ET
- Size
- 16.9 KB