SOROKA RYAN JOSEPH 4

What Happened Ryan Joseph Soroka, Executive Vice President & Chief Financial Officer of Tutor Perini Corporation (TPC), had 10,000 restricted stock units (RSUs convert 1-for-1) vest on March 8, 2026. The RSUs converted into 10,000 common shares; the company withheld 5,419 shares to cover tax withholding at an indicated value of $72.82 per share, totaling $394,612. After withholding, Soroka received a net 4,581 shares. The filing shows the RSU derivative was converted/cancelled as part of vesting.

Key Details

• Transaction date: March 8, 2026; Form 4 filed March 10, 2026 (timely).
• Vesting/conversion: 10,000 RSUs converted to 10,000 common shares (reported as derivative conversion, code M).
• Tax withholding: 5,419 shares withheld (code F) at $72.82/share, totaling $394,612.
• Net shares received: 4,581 common shares retained by the insider.
• Footnotes: RSUs convert 1-for-1 (F1). Grant history: 30,000 RSUs granted Mar 8, 2023, vesting 10,000 on Mar 8 of 2024, 2025, and 2026 (F2).
• Shares owned after transaction: not disclosed in the provided filing.

Context This was a routine vesting of previously granted RSUs with share withholding to satisfy tax obligations (a common "cashless" tax payment). The conversion of RSUs (derivative) to shares is not a market purchase or sale of new economic exposure; the withholding does reduce the number of shares delivered to the insider and does not by itself signal intent to buy or sell additional stock.