Tutor Perini (NYSE: TPC) VP exercises 3,240 RSUs with share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tutor Perini Corporation insider Henry Dieu, the VP & Chief Accounting Officer, exercised restricted stock units into common shares and had shares withheld for taxes. On March 12, 2026, 3,240 restricted stock units converted into 3,240 shares of common stock on a 1‑for‑1 basis. Of these, 1,421 shares were disposed of at a value of $69.20 per share to cover tax obligations, leaving Dieu with 1,819 common shares held directly. Following the vesting, 6,480 restricted stock units remain outstanding from the original 9,720‑unit grant that vests in equal parts over three years, conditioned on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,240 shares exercised/converted
Mixed
3 txns
Insider
DIEU HENRY
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,240 | $0.00 | -- |
| Exercise | Common Stock | 3,240 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,421 | $69.20 | $98K |
Holdings After Transaction:
Restricted Stock Units — 6,480 shares (Direct);
Common Stock — 3,240 shares (Direct)
Footnotes (1)
- The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis. On March 12, 2025, the reporting person was granted 9,720 RSUs, of which 3,240 vested on March 12, 2026 and 3,240 vest on each of March 12, 2027 and 2028, contingent upon the reporting person's continued employment through these dates.
FAQ
What insider transactions did TPC executive Henry Dieu report on March 12, 2026?
Henry Dieu reported exercising 3,240 restricted stock units into 3,240 common shares. Of these, 1,421 shares were disposed of at $69.20 per share to satisfy tax obligations, leaving 1,819 common shares held directly after the transactions.
How many Tutor Perini (TPC) RSUs did Henry Dieu exercise and retain exposure to?
Henry Dieu exercised 3,240 restricted stock units, converting them into common stock on a 1‑for‑1 basis. After this vesting event, 6,480 restricted stock units from the original 9,720‑unit grant remain scheduled to vest in later years, subject to continued employment.
Was Henry Dieu’s Form 4 transaction in TPC stock an open-market sale?
The Form 4 reflects a tax-withholding disposition, not an open-market sale. Of the 3,240 newly issued shares, 1,421 were transferred at $69.20 per share to cover tax liabilities associated with the vesting of restricted stock units.
What new TPC common stock holdings does Henry Dieu report after these transactions?
After the March 12, 2026 transactions, Henry Dieu directly holds 1,819 shares of Tutor Perini common stock. These shares remain after exercising 3,240 restricted stock units and using 1,421 of the resulting shares to satisfy associated tax obligations.
What is the vesting schedule for Henry Dieu’s 9,720 TPC restricted stock units?
The 9,720 restricted stock units were granted on March 12, 2025. They vest in three equal installments of 3,240 units on March 12 of 2026, 2027 and 2028, contingent on Henry Dieu’s continued employment through each respective vesting date.
How do Henry Dieu’s TPC RSUs convert into common stock?
Henry Dieu’s restricted stock units convert to Tutor Perini common stock on a 1‑for‑1 basis. This means each vested RSU delivers one share of common stock when it vests, as shown by the 3,240 RSUs converting into 3,240 common shares on March 12, 2026.