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Tutor Perini (TPC) CEO granted 40,226 RSUs vesting through 2029

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Tutor Perini Corporation reported that CEO and President Gary G. Smalley received a grant of 40,226 restricted stock units (RSUs) on May 20, 2026. These RSUs convert into common stock on a 1-for-1 basis. After this award, Smalley holds 40,226 RSUs directly.

The grant vests in three annual installments: 13,408 RSUs on May 20, 2027 and 13,409 RSUs on each of May 20, 2028 and May 20, 2029, contingent on his continued employment through each vesting date. This is a compensation-related equity award rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider SMALLEY GARY G.
Role CEO and President
Type Security Shares Price Value
Grant/Award Restricted Stock Units 40,226 $0.00 --
Holdings After Transaction: Restricted Stock Units — 40,226 shares (Direct, null)
Footnotes (1)
  1. The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis. On May 20, 2026, the reporting person was granted 40,226 RSUs, of which 13,408 vest on May 20, 2027 and 13,409 vest on each of May 20, 2028 and 2029, contingent upon the reporting person's continued employment through these dates.
RSUs granted 40,226 units Grant to CEO on May 20, 2026
First vesting tranche 13,408 RSUs Vests on May 20, 2027
Second vesting tranche 13,409 RSUs Vests on May 20, 2028
Third vesting tranche 13,409 RSUs Vests on May 20, 2029
Post-grant RSU holdings 40,226 RSUs Total RSUs held directly after transaction
Restricted Stock Units financial
"The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"On May 20, 2026, the reporting person was granted 40,226 RSUs, of which 13,408 vest on May 20, 2027..."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
1-for-1 basis financial
"The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis."
vest financial
"...40,226 RSUs, of which 13,408 vest on May 20, 2027 and 13,409 vest on each of May 20, 2028 and 2029..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued employment financial
"...contingent upon the reporting person's continued employment through these dates."
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
SMALLEY GARY G.
(Last)(First)(Middle)
C/O TUTOR PERINI CORPORATION
15901 OLDEN STREET
(Street)
SYLMAR CALIFORNIA 91342
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
TUTOR PERINI CORP [ TPC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/20/2026A40,226 (2) (2)Common Stock40,226$040,226D
Explanation of Responses:
1. The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis.
2. On May 20, 2026, the reporting person was granted 40,226 RSUs, of which 13,408 vest on May 20, 2027 and 13,409 vest on each of May 20, 2028 and 2029, contingent upon the reporting person's continued employment through these dates.
Remarks:
/s/ Ifigenia Protopappas, Attorney-in-Fact05/22/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Tutor Perini (TPC) disclose about Gary Smalley in this Form 4?

Tutor Perini disclosed that CEO and President Gary G. Smalley received a grant of 40,226 restricted stock units. The award is part of his equity compensation and will vest over three years if he remains employed with the company.

How many RSUs did Tutor Perini (TPC) grant to its CEO?

Gary G. Smalley was granted 40,226 restricted stock units. These RSUs convert into common stock of Tutor Perini Corporation on a 1-for-1 basis, giving him rights to the same number of common shares as the units vest over time.

What is the vesting schedule for Gary Smalley’s 40,226 RSUs at Tutor Perini (TPC)?

The 40,226 RSUs vest in three equal-time installments over three years. 13,408 RSUs vest on May 20, 2027, and 13,409 RSUs vest on each of May 20, 2028 and May 20, 2029, assuming his continued employment through each vesting date.

Are Gary Smalley’s new RSUs at Tutor Perini (TPC) an open-market stock purchase?

No, the 40,226 RSUs are a compensation grant, not an open-market purchase. The Form 4 identifies the transaction as a grant or award acquisition, with no cash price per unit, typical of equity-based executive compensation plans.

How do Gary Smalley’s RSUs convert into Tutor Perini (TPC) common stock?

The RSUs convert into Tutor Perini common stock on a 1-for-1 basis. For each restricted stock unit that vests, Smalley will receive one share of common stock, aligning his potential future ownership with the company’s long-term performance.

What is Gary Smalley’s RSU holding after this Form 4 transaction at Tutor Perini (TPC)?

Following the grant, Gary G. Smalley holds 40,226 restricted stock units directly. These units represent potential future shares of common stock, subject to the three-year vesting schedule and his continued employment through each vesting milestone.