TUTOR RONALD N 4

What Happened

• Ronald N. Tutor (reported as a 10% owner) had 176,730 restricted stock units (RSUs) vest on March 8, 2026 and those RSUs converted into common stock on a 1-for-1 basis.
• Of the 176,730 vested RSUs: 74,560 shares were surrendered/withheld to cover tax withholding at $72.82 per share (value $5,429,459), 30,188 RSUs were settled in cash back to the issuer (value $2,198,290), and 71,982 shares were reported as a gift. The combined cash/withheld dispositions equal $7,627,749.
• The filing reports both the acquisition (conversion of RSUs into shares) and the subsequent dispositions required under SEC reporting rules; these were not open-market purchases or typical market sales by the insider.

Key Details

• Transaction date: March 8, 2026; Form 4 filed March 10, 2026 (appears timely).
• Prices reported for dispositions: $72.82 per share for tax withholding and cash settlement dispositions.
• Shares acquired via RSU conversion: 176,730; shares surrendered/withheld/disposed: 104,748 (74,560 for taxes + 30,188 cash settlement); shares gifted: 71,982.
• Footnotes: F1 explains the original 2023 RSU grant (530,188 RSUs) and the vesting schedule; F2 confirms RSUs convert 1-for-1 into common stock. The 30,188 RSUs were settled for cash rather than converted to shares.
• Shares owned following the transaction are not specified in the provided filing excerpt.

Context

• These transactions reflect RSU vesting and routine settlement actions (tax withholding and cash settlement of a portion), not a discretionary open-market sale. Gifts are transfers that do not necessarily indicate buying/selling sentiment.
• As a reported 10% owner, Ronald Tutor’s filings are subject to insider reporting rules; the conversion entries are recorded as acquisitions while tax/cash settlements are recorded as dispositions per SEC reporting conventions.