Jensen William E 4

What Happened

• William E. Jensen, 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, 14,057 shares were surrendered to cover tax withholding at $77.99 per share, a value of $1,096,305. The net shares delivered to Jensen were 12,146. This was a routine vesting/tax-withholding event, not an open-market purchase or discretionary sale.

Key Details

• Transaction date: June 19, 2026; Form 4 filed June 23, 2026 (timely).
• Conversion/vesting: 26,203 RSUs converted to 26,203 common shares (transaction code M).
• Tax withholding: 14,057 shares withheld/disposed at $77.99 = $1,096,305 (transaction code F).
• Net shares received: 12,146 (26,203 vested − 14,057 withheld).
• Shares owned after transaction: not specified in the filing.
• Footnotes: RSUs convert 1-for-1 into common stock. The RSUs were part of a 78,609-grant on June 19, 2025, vesting in three equal annual tranches of 26,203 shares on June 19, 2026–2028, contingent on continued employment.
• Transaction codes explained: M = exercise/conversion of derivative (here, RSU conversion); F = payment of exercise price or tax liability (share withholding).

Context

• This was a standard RSU vesting with shares withheld for taxes (a common administrative/cashless step) rather than an intentional market sale or purchase. Such withholding transactions are routine and do not, by themselves, indicate the insider’s view on the company’s stock.