[Form 4] TUTOR PERINI CORP Insider Trading Activity

(Moderate)

(Neutral)

Form Type

Rhea-AI Filing Summary

Tutor Perini Corporation executive vice president Ghassan Ariqat reported routine compensation-related transactions involving phantom stock units. On March 12, 2026, 6,479 cash-settled phantom stock units vested and were reported as an exercise into 6,479 shares of common stock, followed by a disposition of those shares back to the company at a reported value of $69.20 per share. According to the disclosure, the award was settled entirely in cash based on the closing stock price, and Ariqat did not actually purchase or sell any Tutor Perini common shares in the market. After this vesting event, he holds 12,960 phantom stock units, with additional units scheduled to vest in future years under the original grant terms.

Insider Trade Summary

6,479 shares exercised/converted

Exercise 3 txns

Insider Ariqat Ghassan

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise	Phantom Stock Units	6,479	$0.00	$0.00
Exercise	Common Stock	6,479	$0.00	$0.00
Disposition	Common Stock	6,479	$69.20	$448K

Holdings After Transaction: Phantom Stock Units — 12,960 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

F1. On March 12, 2025, the reporting person was granted 19,439 cash-settled phantom stock units, of which 6,479 vested on March 12, 2026 and 6,480 vest on each of March 12, 2027 and 2028, contingent upon the reporting person's continued employment through each applicable vesting date. The 6,479 phantom stock units that vested on March 12, 2026 were settled in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock of Tutor Perini Corporation (Issuer) on the vesting date. The reporting person did not purchase or sell any shares of common stock in the settlement of this award, however, the transaction is required to be reported as an acquisition and disposition of shares back to the Issuer under SEC reporting principles.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/16/2026 - 08:12 PM

FAQ

What did TUTOR PERINI CORP (TPC) executive Ghassan Ariqat report on this Form 4?

Executive vice president Ghassan Ariqat reported the vesting of 6,479 cash-settled phantom stock units on March 12, 2026. The event is shown as an acquisition and corresponding disposition of common stock back to Tutor Perini under SEC reporting rules, but no market trade occurred.

How many phantom stock units vested for TPC executive Ghassan Ariqat?

On March 12, 2026, 6,479 phantom stock units vested for Ghassan Ariqat from a 19,439-unit grant. These vested units were settled in cash at the Tutor Perini closing common stock price on the vesting date, rather than through open-market share transactions.

Was any TUTOR PERINI CORP common stock bought or sold in this Form 4 event?

No common stock was bought or sold in the market in this event. The footnote explains the vested 6,479 phantom stock units were settled entirely in cash, and the reported acquisition and disposition of shares represent SEC reporting mechanics, not actual open-market trades.

What price was used to settle Ghassan Ariqat’s vested phantom stock units at TPC?

The vested 6,479 phantom stock units were settled in cash using Tutor Perini’s closing common stock price on March 12, 2026. The Form 4 shows a disposition transaction value of $69.20 per share, which reflects the cash settlement basis rather than a stock sale.

How many phantom stock units does Ghassan Ariqat still hold after this TPC Form 4?

After the March 12, 2026 vesting and cash settlement, Ghassan Ariqat holds 12,960 phantom stock units. These remaining units come from the original 19,439-unit cash-settled grant, with additional tranches scheduled to vest in March 2027 and March 2028, subject to continued employment.

Is the TPC Form 4 for Ghassan Ariqat a routine compensation event?

Yes. The filing describes a scheduled vesting of 6,479 cash-settled phantom stock units from a prior grant. The units were converted and settled in cash, and the SEC requires reporting the transaction as both an acquisition and disposition of shares back to Tutor Perini.

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^*

Ariqat Ghassan

(Last)

(First)

(Middle)

C/O TUTOR PERINI CORPORATION

15901 OLDEN STREET

(Street)

SYLMAR

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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)
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	03/12/2026		M		6,479	A	⁽¹⁾	6,479	D
Common Stock	03/12/2026		D⁽¹⁾		6,479	D	$69.2⁽¹⁾	0	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)
Phantom Stock Units	⁽¹⁾	03/12/2026		M			6,479	⁽¹⁾	⁽¹⁾	Common Stock	6,479	$0	12,960	D

Explanation of Responses:

1. On March 12, 2025, the reporting person was granted 19,439 cash-settled phantom stock units, of which 6,479 vested on March 12, 2026 and 6,480 vest on each of March 12, 2027 and 2028, contingent upon the reporting person's continued employment through each applicable vesting date. The 6,479 phantom stock units that vested on March 12, 2026 were settled in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock of Tutor Perini Corporation (Issuer) on the vesting date. The reporting person did not purchase or sell any shares of common stock in the settlement of this award, however, the transaction is required to be reported as an acquisition and disposition of shares back to the Issuer under SEC reporting principles.

Remarks:

	/s/ Ifigenia Protopappas, Attorney-in-Fact	03/16/2026
	** 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.

Source: View Original Filing on SEC EDGAR