Tutor Perini (NYSE: TPC) EVP exercises 26,203 RSUs and withholds 14,057 shares for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Tutor Perini Corporation Executive Vice President William E. Jensen reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.

On June 19, 2026, Jensen exercised 26,203 RSUs, which converted into the same number of shares of common stock on a 1-for-1 basis. To cover tax obligations, 14,057 shares of common stock were disposed of by delivering shares at a value of $77.99 per share.

After these transactions, Jensen directly held 49,369 shares of Tutor Perini common stock. The RSUs exercised were part of a 78,609-unit grant originally awarded on June 19, 2025, under which 26,203 units vested on June 19, 2026 and an additional 26,203 units are scheduled to vest on each of June 19, 2027 and June 19, 2028, contingent on his continued employment.

Insider Trade Summary

26,203 shares exercised/converted

Mixed 3 txns

Insider Jensen William E

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	26,203	$0.00	--
Exercise	Common Stock	26,203	$0.00	--
Tax Withholding	Common Stock	14,057	$77.99	$1.10M

Holdings After Transaction: Restricted Stock Units — 52,406 shares (Direct, null); Common Stock — 63,426 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 June 19, 2025, the reporting person was granted 78,609 RSUs, of which 26,203 vested on June 19, 2026 and 26,203 vest on each of June 19, 2027 and 2028, contingent upon the reporting person's continued employment through these dates.

Key Figures

RSUs exercised: 26,203 units Shares delivered for taxes: 14,057 shares Share value for tax withholding: $77.99 per share +3 more

6 metrics

RSUs exercised 26,203 units Converted into common stock on June 19, 2026 at 1-for-1

Shares delivered for taxes 14,057 shares Tax-withholding disposition at $77.99 per share

Share value for tax withholding $77.99 per share Value used when 14,057 shares were delivered

Shares held after transaction 49,369 shares Common stock directly owned by Jensen after June 19, 2026

Total RSU grant 78,609 units RSUs granted on June 19, 2025 to Jensen

Future RSU vestings 26,203 units in 2027; 26,203 in 2028 Vest on June 19, 2027 and June 19, 2028 if employed

Key Terms

Restricted Stock Units, RSUs, tax liability, derivative security, +1 more

5 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 June 19, 2025, the reporting person was granted 78,609 RSUs, of which 26,203 vested on June 19, 2026..."

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.

tax liability financial

"Payment of exercise price or tax liability by delivering securities"

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

convert into common stock financial

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

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Form 4 Insider Transactions: What Each Field Means →

06/23/2026 - 07:34 PM

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^*

Jensen William E

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/19/2026

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

X	Form 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)
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	06/19/2026		M		26,203	A	⁽¹⁾	63,426	D
Common Stock	06/19/2026		F		14,057	D	$77.99	49,369	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)
Restricted Stock Units	⁽¹⁾	06/19/2026		M			26,203	⁽²⁾	⁽²⁾	Common Stock	26,203	$0	52,406	D

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 June 19, 2025, the reporting person was granted 78,609 RSUs, of which 26,203 vested on June 19, 2026 and 26,203 vest on each of June 19, 2027 and 2028, contingent upon the reporting person's continued employment through these dates.

Remarks:

	/s/ Ifigenia Protopappas, Attorney-in-Fact	06/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TUTOR PERINI CORP (TPC) report for William E. Jensen?

TUTOR PERINI CORP reported that Executive Vice President William E. Jensen exercised 26,203 restricted stock units into common shares and delivered 14,057 shares to satisfy tax obligations, leaving him with 49,369 directly held common shares after the transactions.

Was the TPC insider transaction by William E. Jensen a market sale or tax withholding?

The disposition of 14,057 TPC shares by William E. Jensen was a tax-withholding event, not an open-market sale. Shares were delivered to cover tax liabilities arising from the vesting and conversion of 26,203 restricted stock units into common stock.

How many restricted stock units did TPC grant to William E. Jensen and how do they vest?

Tutor Perini granted William E. Jensen 78,609 restricted stock units on June 19, 2025. Of these, 26,203 vested on June 19, 2026, with 26,203 more scheduled to vest on each of June 19, 2027 and June 19, 2028, contingent on continued employment.

What is William E. Jensen’s TPC shareholding after the June 19, 2026 Form 4 transactions?

After the June 19, 2026 transactions, William E. Jensen held 49,369 shares of Tutor Perini common stock directly. This figure reflects his ownership after exercising 26,203 restricted stock units and delivering 14,057 shares to satisfy associated tax liabilities.

How do William E. Jensen’s TPC restricted stock units convert into common stock?

William E. Jensen’s restricted stock units convert into Tutor Perini common stock on a 1-for-1 basis. When RSUs vest, each unit becomes one share of common stock, as shown when 26,203 RSUs converted into 26,203 common shares on June 19, 2026.