Ariqat Ghassan 4

What Happened

• Ariqat Ghassan, Executive Vice President of Tutor Perini Corporation (TPC), received a grant of 11,702 restricted stock units (RSUs) on May 20, 2026. The award is reported as a derivative acquisition (code A) at $0.00 per unit (no cash paid at grant).

Key Details

• Transaction date and price: May 20, 2026 — 11,702 RSUs @ $0.00 (grant).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: RSUs convert into common stock on a 1-for-1 basis.
  • F2: Vesting schedule — 3,900 RSUs vest on May 20, 2027; 3,901 RSUs vest on May 20, 2028; and 3,901 RSUs vest on May 20, 2029, each contingent on continued employment.
• Filing timing: Form 4 was filed on May 22, 2026 (two days after the grant); this appears to be timely under standard Form 4 rules.

Context

• RSU grants are a form of equity compensation, not an immediate purchase or sale. These units will convert to common shares if and when they vest; there is no immediate cash exchange at grant.
• Such awards are common for executive retention and compensation. They don't necessarily indicate the insider is buying or selling stock; they reflect a compensation action tied to future employment and vesting conditions.