Tutor Perini (NYSE: TPC) CFO granted 10,971 restricted stock units in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tutor Perini Corporation executive Ryan Joseph Soroka, Executive VP & CFO, received a grant of restricted stock units. On May 20, 2026, he was awarded 10,971 RSUs that convert into common stock on a 1-for-1 basis. The grant vests in three equal installments of 3,657 units on May 20 of 2027, 2028 and 2029, contingent on his continued employment, so this filing reflects a compensation-related equity award rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SOROKA RYAN JOSEPH
Role
Executive VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 10,971 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 10,971 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 10,971 RSUs, of which 3,657 vest on each of May 20, 2027, 2028 and 2029, contingent upon the reporting person's continued employment through these dates.
Key Figures
RSUs granted: 10,971 units
First vesting tranche: 3,657 units
Second vesting tranche: 3,657 units
+2 more
5 metrics
RSUs granted
10,971 units
Grant to Executive VP & CFO on May 20, 2026
First vesting tranche
3,657 units
Vest on May 20, 2027, contingent on continued employment
Second vesting tranche
3,657 units
Vest on May 20, 2028, contingent on continued employment
Third vesting tranche
3,657 units
Vest on May 20, 2029, contingent on continued employment
RSUs after transaction
10,971 units
Total restricted stock units held following this grant
Key Terms
Restricted Stock Units, RSUs, 1-for-1 basis, vest, +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 May 20, 2026, the reporting person was granted 10,971 RSUs, of which 3,657 vest on each of May 20, 2027, 2028 and 2029"
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.
1-for-1 basis financial
"The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis."
vest financial
"3,657 vest on each of May 20, 2027, 2028 and 2029, contingent upon the reporting person's continued employment"
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.
contingent upon the reporting person's continued employment financial
"3,657 vest on each of May 20, 2027, 2028 and 2029, contingent upon the reporting person's continued employment"
FAQ
What insider transaction did TUTOR PERINI CORP (TPC) report for Ryan Joseph Soroka?
Tutor Perini reported a compensation-related equity grant to Executive VP & CFO Ryan Joseph Soroka. He received 10,971 restricted stock units that will convert into common stock, rather than buying or selling shares in the open market.
How many restricted stock units did TPC grant to its CFO on May 20, 2026?
The CFO received a grant of 10,971 restricted stock units on May 20, 2026. These RSUs represent a right to receive the same number of Tutor Perini common shares in the future, subject to vesting conditions.
What is the vesting schedule for the 10,971 RSUs granted by TUTOR PERINI CORP?
The 10,971 restricted stock units vest in three equal tranches. 3,657 RSUs vest on each of May 20, 2027, May 20, 2028 and May 20, 2029, provided the executive remains employed through each respective vesting date.
Do the RSUs granted to TPC’s CFO involve any cash transaction in this Form 4?
The Form 4 reflects a grant of restricted stock units at a stated price of zero. It is part of equity compensation, so there is no open-market cash purchase or sale associated with this specific transaction disclosure.
How do the RSUs granted to the CFO convert into TUTOR PERINI CORP common stock?
Each restricted stock unit converts into one share of Tutor Perini common stock. The conversion occurs as the units vest over time, aligning the executive’s equity ownership with continued employment and long-term company performance.