Tutor Perini (NYSE: TPC) chair settles RSUs, shifts shares to family trusts

Rhea-AI Filing Summary

Tutor Perini Corp Executive Chairman Ronald N. Tutor reported a vesting and settlement of restricted stock units and related share movements. On March 8, 2026, 176,730 RSUs vested and were exercised into 176,730 shares of common stock on a 1-for-1 basis. Of these, 74,560 shares were withheld at $72.82 per share to satisfy tax obligations, and 30,188 RSUs were settled in cash and reported as a disposition back to the company under SEC rules. The remaining 71,982 shares were transferred as a bona fide gift from his direct holdings to the Tutor Marital Property Trust, which held 4,134,967 shares after the transfer. Additional indirect holdings are reported through the Ronald N. Tutor Separate Property Trust and the Ronald N. Tutor 2018 Dynasty Trust.

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

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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^*

TUTOR RONALD N

(Last) (First) (Middle)

C/O TUTOR PERINI CORPORATION

15901 OLDEN STREET

(Street)

SYLMAR CA 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)

X	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
03/08/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/08/2026		M		176,730	A(1)	(2)	176,730	D
Common Stock	03/08/2026		F		74,560	D	$72.82	102,170	D
Common Stock	03/08/2026		D		30,188	D(1)	$72.82	71,982	D
Common Stock	03/08/2026		G		71,982	D	$0	0	D
Common Stock	03/08/2026		G		71,982	A	$0	4,134,967	I	By Tutor Marital Property Trust
Common Stock								711,477	I	By Ronald N. Tutor Separate Property Trust
Common Stock								1,533,255	I	By Ronald N. Tutor 2018 Dynasty Trust

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	03/08/2026		M			176,730	(1)	(1)	Common Stock	176,730	$0	0	D

Explanation of Responses:

1. On March 8, 2023, the reporting person was granted 530,188 RSUs, of which 176,729 vested on each of March 8, 2024 and 2025, and 176,730 vested on March 8, 2026. Of the 176,730 RSUs which vested on March 8, 2026, 30,188 RSUs were settled in cash. The reporting person did not purchase or sell any shares of common stock in the settlement of the cash portion of this award, however, the transaction is required to be reported as an acquisition and disposition back to the Issuer under SEC reporting principles.

2. The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation (Issuer) on a 1-for-1 basis.

Remarks:

	/s/ Ifigenia Protopappas, Attorney-in-Fact	03/10/2026
	** 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.
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FAQ

What insider transactions did Ronald N. Tutor report in this Form 4 for TPC?

Ronald N. Tutor reported vesting and exercise of 176,730 RSUs into common stock, tax withholding of 74,560 shares, a cash settlement of 30,188 RSUs back to the issuer, and a gift transfer of 71,982 shares to the Tutor Marital Property Trust.

Did Ronald N. Tutor buy or sell Tutor Perini (TPC) shares on the open market?

The filing shows no open-market purchases or sales. Shares were issued from vesting RSUs, some were withheld to cover taxes, some RSUs were settled in cash to the issuer, and remaining shares were transferred as a bona fide gift to a marital property trust.

How many restricted stock units vested for Ronald N. Tutor on March 8, 2026?

On March 8, 2026, 176,730 RSUs vested for Ronald N. Tutor. These units came from a 530,188 RSU grant made on March 8, 2023, with tranches that vested in 2024, 2025, and 2026, and convert into common stock on a 1-for-1 basis.

What tax-related share disposition was reported by Ronald N. Tutor in this Form 4?

The filing reports 74,560 shares of Tutor Perini common stock withheld at $72.82 per share to satisfy tax obligations related to the RSU vesting. This tax withholding is recorded as a disposition but does not represent an open-market sale of shares.

What does the cash settlement of 30,188 RSUs in the TPC filing represent?

Of the 176,730 RSUs that vested on March 8, 2026, 30,188 RSUs were settled in cash and reported as an acquisition and disposition back to the issuer. The filing notes the reporting person did not purchase or sell common shares for this cash portion.

How did Ronald N. Tutor’s indirect holdings in Tutor Perini change in this Form 4?

The Form 4 shows 71,982 shares moved by gift into the Tutor Marital Property Trust, which held 4,134,967 shares afterward. Separate holding entries also report indirect ownership through the Ronald N. Tutor Separate Property Trust and the Ronald N. Tutor 2018 Dynasty Trust.