DIEU HENRY 4
Research Summary
AI-generated summary
Tutor Perini (TPC) VP Dieu Henry Converts RSUs, Sells 1,421 Shares
What Happened
- Dieu Henry, Vice President and Chief Accounting Officer of Tutor Perini Corporation (TPC), had 3,240 restricted stock units (RSUs convert 1-for-1) vest on March 12, 2026. Those RSUs converted into 3,240 common shares. To satisfy tax withholding, 1,421 of the shares were withheld/sold at $69.20 per share, generating $98,333. Net new shares retained from the vesting: 1,819.
Key Details
- Transaction date: March 12, 2026.
- Vesting/conversion: 3,240 RSUs -> 3,240 common shares (reported as derivative conversion, code M).
- Tax withholding: 1,421 shares withheld/disposed at $69.20 each for $98,333 (code F).
- Net shares received: 1,819 (3,240 vested − 1,421 withheld).
- Footnotes: RSUs convert 1-for-1. The RSU grant was 9,720 units on March 12, 2025; 3,240 vested on Mar 12, 2026, with the remainder scheduled to vest on Mar 12, 2027 and Mar 12, 2028, subject to continued employment.
- Filing: Reported on March 16, 2026 for a March 12 transaction — filed within the typical 2 business‑day window (timely).
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
- This was a routine RSU vesting event with shares withheld to cover tax obligations (a cashless withholding), not an open‑market sale or purchase that signals active trading intent. The derivative code (M) reflects conversion of the RSU into common stock; code F reflects shares surrendered to cover taxes.