Ariqat Ghassan 4
4 · TUTOR PERINI CORP · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Tutor Perini (TPC) EVP Ghassan Ariqat Exercises RSUs, Withholds 13,332 Shares
What Happened
Ghassan Ariqat, Executive Vice President of Tutor Perini Corporation (TPC), had 26,203 restricted stock units (RSUs) vest and convert into common shares on June 19, 2026. Of those vested shares, 13,332 were withheld to satisfy tax withholding obligations, with the withheld shares valued at $77.99 each for a total withholding value of $1,039,763. The net shares delivered to Ariqat after withholding were 12,871.
Key Details
- Transaction date: June 19, 2026; Form 4 filed June 23, 2026 (filed within the usual 2 business-day window).
- Vesting/conversion: 26,203 RSUs converted 1-for-1 into common stock (transaction code M).
- Tax withholding: 13,332 shares withheld at $77.99/share, total $1,039,763 (transaction code F).
- Net new shares received by insider: 12,871 (26,203 vested − 13,332 withheld).
- Footnotes: RSUs were part of a 78,609 RSU grant on June 19, 2025; remaining tranches of 26,203 RSUs each are scheduled to vest on June 19, 2027 and 2028, contingent on continued employment.
- Shares owned after transaction: not specified in the filing.
Context
This was an RSU vesting and tax-withholding event—not an open-market sale or purchase. Withholdings to cover taxes are routine and do not necessarily indicate a change in the insider’s view of the company. The filing appears timely.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-19+26,203→ 26,203 total - Tax Payment
Common Stock
2026-06-19$77.99/sh−13,332$1,039,763→ 12,871 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-19−26,203→ 52,406 total→ Common Stock (26,203 underlying)
Footnotes (2)
- [F1]The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis.
- [F2]On June 19, 2025, the reporting person was granted 78,609 RSUs, of which 26,203 vested on June 19, 2026 and 26,203 vest on each of June 19, 2027 and 2028, contingent upon the reporting person's continued employment through these dates.