Phantom stock vesting for Tutor Perini (NYSE: TPC) chief legal officer

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Form Type

Rhea-AI Filing Summary

Tutor Perini Corporation executive Kristiyan D. Assouri reported a routine phantom stock vesting and cash settlement. On March 12, 2026, 5,831 cash-settled phantom stock units vested from a 17,495-unit grant made on March 12, 2025.

The vested 5,831 units were settled in cash at a value equal to the number of units multiplied by the $69.20 closing price per share of common stock on the vesting date. Under SEC rules this appears as an acquisition of 5,831 shares and a matching disposition back to the issuer, but no Tutor Perini common shares were actually bought or sold. After this vesting, Assouri’s reported phantom stock unit balance is 11,664 units, and he holds no common stock directly from this award.

Insider Trade Summary

5,831 shares exercised/converted

Exercise 3 txns

Insider Assouri Kristiyan D

Role EVP and Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Phantom Stock Units	5,831	$0.00	$0.00
Exercise	Common Stock	5,831	$0.00	$0.00
Disposition	Common Stock	5,831	$69.20	$404K

Holdings After Transaction: Phantom Stock Units — 11,664 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

F1. On March 12, 2025, the reporting person was granted 17,495 cash-settled phantom stock units, of which 5,831 vested on March 12, 2026 and 5,832 vest on each of March 12, 2027 and 2028, contingent upon the reporting person's continued employment through each applicable vesting date. The 5,831 phantom stock units that vested on March 12, 2026 were settled in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock of Tutor Perini Corporation (Issuer) on the vesting date. The reporting person did not purchase or sell any shares of common stock in the settlement of this award, however, the transaction is required to be reported as an acquisition and disposition of shares back to the Issuer under SEC reporting principles.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/16/2026 - 08:13 PM

FAQ

What did Kristiyan D. Assouri report in Tutor Perini (TPC) Form 4?

Kristiyan D. Assouri reported vesting and cash settlement of 5,831 phantom stock units. SEC rules show this as an acquisition and simultaneous disposition of equivalent common shares back to Tutor Perini, with no open-market stock transactions involved.

How many Tutor Perini (TPC) phantom stock units vested and at what value?

5,831 phantom stock units vested for Kristiyan D. Assouri on March 12, 2026. They were settled in cash at a value equal to 5,831 units multiplied by Tutor Perini’s $69.20 closing common share price on the vesting date, as described in the footnote.

Did Kristiyan D. Assouri buy or sell Tutor Perini (TPC) common stock?

He did not buy or sell Tutor Perini common stock in the market. The Form 4 shows an acquisition and disposition of 5,831 shares back to the issuer solely to reflect cash settlement of phantom stock units under SEC reporting principles.

What phantom stock grant underlies this Tutor Perini (TPC) Form 4?

The filing relates to a March 12, 2025 grant of 17,495 cash-settled phantom stock units. Of these, 5,831 vested on March 12, 2026, with 5,832 scheduled to vest on each of March 12, 2027 and March 12, 2028, contingent on continued employment.

How many Tutor Perini (TPC) phantom stock units does Assouri hold after this transaction?

After 5,831 units vested and were settled in cash, Assouri’s reported phantom stock unit balance is 11,664 units. These remaining units are scheduled to vest in future years if he continues employment through each applicable vesting date.

Is this Tutor Perini (TPC) Form 4 transaction routine executive compensation?

Yes. The Form 4 reflects routine vesting of cash-settled phantom stock granted as compensation. The units convert into a cash payment based on the stock price, and the required acquisition/disposition entries do not represent discretionary stock purchases or sales by the executive.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Assouri Kristiyan D

(Last)

(First)

(Middle)

C/O TUTOR PERINI CORPORATION

15901 OLDEN STREET

(Street)

SYLMAR

91342

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TUTOR PERINI CORP [ TPC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP and Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/12/2026		M		5,831	A	⁽¹⁾	5,831	D
Common Stock	03/12/2026		D⁽¹⁾		5,831	D	$69.2⁽¹⁾	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	03/12/2026		M			5,831	⁽¹⁾	⁽¹⁾	Common Stock	5,831	$0	11,664	D

Explanation of Responses:

1. On March 12, 2025, the reporting person was granted 17,495 cash-settled phantom stock units, of which 5,831 vested on March 12, 2026 and 5,832 vest on each of March 12, 2027 and 2028, contingent upon the reporting person's continued employment through each applicable vesting date. The 5,831 phantom stock units that vested on March 12, 2026 were settled in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock of Tutor Perini Corporation (Issuer) on the vesting date. The reporting person did not purchase or sell any shares of common stock in the settlement of this award, however, the transaction is required to be reported as an acquisition and disposition of shares back to the Issuer under SEC reporting principles.

Remarks:

	/s/ Ifigenia Protopappas, Attorney-in-Fact	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR