DIEU HENRY 4
Research Summary
AI-generated summary
Tutor Perini (TPC) VP & CAO Dieu Henry Receives RSU Award
What Happened
- Dieu Henry, Vice President and Chief Accounting Officer of Tutor Perini Corporation (TPC), received a grant of 5,485 restricted stock units (RSUs) on May 20, 2026. The Form 4 lists the acquisition price as $0.00 because these are compensation awards (derivative securities) rather than an open‑market purchase. The RSUs will convert into common stock on a 1-for-1 basis upon vesting.
Key Details
- Transaction date and type: May 20, 2026 — Award/Grant (code A) of 5,485 RSUs; reported on Form 4 filed May 22, 2026 (appears timely).
- Grant value/price: $0.00 listed on the filing (typical for RSU awards; value equals the market value of underlying shares when they vest).
- Vesting schedule (footnote): 1,828 RSUs vest May 20, 2027; 1,828 RSUs vest May 20, 2028; 1,829 RSUs vest May 20, 2029, contingent on continued employment.
- Conversion: RSUs convert into common stock on a 1-for-1 basis (footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Filed two days after the grant date (May 22 for a May 20 grant), which generally meets the SEC’s Form 4 reporting window.
Context
- RSU grants are a form of compensation that align executives’ interests with shareholders by delivering company stock over time if employment continues. This award is not a market purchase or sale and does not by itself signal buying or selling intent. The economic value to the insider will depend on Tutor Perini’s stock price at each vesting date.