Jensen William E 4

What Happened

• William E. Jensen, Executive Vice President of Tutor Perini Corporation (TPC), was granted 11,702 restricted stock units (RSUs) on May 20, 2026. The Form 4 reports the grant as an award/acquisition (code A) at $0.00 (derivative award), i.e., no cash purchase price was paid at grant.

Key Details

• Transaction date: May 20, 2026; reported on Form 4 filed May 22, 2026 (appears timely, within typical 2-business-day window).
• Grant amount and price: 11,702 RSUs; reported acquisition price $0.00 (typical for RSU grants).
• Vesting schedule (footnote): 3,900 RSUs vest May 20, 2027; 3,901 RSUs vest May 20, 2028; 3,901 RSUs vest May 20, 2029 — all vesting 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.

Context

• RSUs are a form of deferred compensation: they represent a promise to deliver common shares in the future if vesting conditions are met. They are not an immediate open-market purchase or sale and do not necessarily signal near-term trading intent.
• Because vesting is spread over three years and contingent on continued employment, the award primarily reflects long-term compensation rather than an immediate change in outstanding shares.