Tutor Perini (NYSE: TPC) awards 5,485 RSUs to chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tutor Perini Corporation reported that VP & Chief Accounting Officer Henry Dieu received a grant of 5,485 restricted stock units. These RSUs convert into common stock on a 1-for-1 basis and vest in three annual installments in 2027, 2028, and 2029, contingent on his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DIEU HENRY
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,485 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,485 shares (Direct, null)
Footnotes (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 5,485 RSUs, of which 1,828 vest on each of May 20, 2027 and 2028 and 1,829 vest on May 20, 2029, contingent upon the reporting person's continued employment through these dates.
Key Figures
RSUs granted: 5,485 RSUs
First vesting tranche: 1,828 RSUs
Second vesting tranche: 1,828 RSUs
+3 more
6 metrics
RSUs granted
5,485 RSUs
Granted on May 20, 2026 to VP & Chief Accounting Officer
First vesting tranche
1,828 RSUs
Vest on May 20, 2027, contingent on continued employment
Second vesting tranche
1,828 RSUs
Vest on May 20, 2028, contingent on continued employment
Final vesting tranche
1,829 RSUs
Vest on May 20, 2029, contingent on continued employment
Conversion ratio
1-for-1 into common stock
RSUs convert into Tutor Perini common stock
Post-grant RSU holdings
5,485 RSUs
Total RSUs owned following this award
Key Terms
Restricted Stock Units, RSUs, vest
3 terms
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 5,485 RSUs, of which 1,828 vest on each of May 20, 2027 and 2028..."
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.
vest financial
"1,828 vest on each of May 20, 2027 and 2028 and 1,829 vest on May 20, 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.
FAQ
What did Tutor Perini (TPC) disclose in Henry Dieu's latest Form 4?
Tutor Perini disclosed that VP & Chief Accounting Officer Henry Dieu received 5,485 restricted stock units. These RSUs convert into common stock on a 1-for-1 basis and vest in stages from 2027 through 2029, subject to his continued employment with the company.
How many RSUs did Henry Dieu receive from Tutor Perini (TPC)?
Henry Dieu received a grant of 5,485 restricted stock units from Tutor Perini. All 5,485 RSUs were reported as owned following the transaction, reflecting a compensation-related award rather than an open-market stock purchase or sale.
When do Henry Dieu’s RSUs from Tutor Perini (TPC) vest?
The RSUs vest in three annual tranches starting in 2027. Specifically, 1,828 RSUs vest on May 20, 2027, another 1,828 vest on May 20, 2028, and the remaining 1,829 vest on May 20, 2029, if he remains employed through those dates.
Is Henry Dieu’s Form 4 transaction an open-market purchase of TPC stock?
No, the Form 4 reflects a grant of restricted stock units as compensation, not an open-market purchase. The RSUs were awarded at no cash exercise price and will convert into common stock on a 1-for-1 basis as they vest over several years.