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Tutor Perini (NYSE: TPC) EVP exercises RSUs, 13,332 shares withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Tutor Perini Corporation Executive Vice President Ghassan Ariqat reported an RSU vesting and related tax withholding. On June 19, 2026, 26,203 restricted stock units converted into the same number of common shares on a 1-for-1 basis, as part of a 2025 RSU grant.

To cover tax obligations, 13,332 common shares were disposed of at $77.99 per share, a non‑market tax-withholding transaction rather than an open-market sale. After these transactions, Ariqat directly held 12,871 common shares and 52,406 RSUs scheduled to vest in equal parts in 2027 and 2028, subject to continued employment.

Positive

  • None.

Negative

  • None.
Insider Ariqat Ghassan
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 13,332 $77.99 $1.04M
Holdings After Transaction: Restricted Stock Units — 52,406 shares (Direct, null); Common Stock — 26,203 shares (Direct, null)
Footnotes (1)
  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.
RSUs vested and converted 26,203 units/shares RSUs converting 1-for-1 into common stock on June 19, 2026
Shares withheld for taxes 13,332 shares F-code tax-withholding disposition related to RSU vesting
Tax value per share $77.99 per share Value used for tax-withholding disposition of 13,332 shares
Common shares after transaction 12,871 shares Directly held common stock following Form 4 transactions
Original RSU grant 78,609 RSUs Grant awarded June 19, 2025 to Executive Vice President
Unvested RSUs remaining 52,406 RSUs Remaining from 78,609-unit grant after 26,203 vested in 2026
Future vesting tranches 26,203 RSUs each year Scheduled vesting on June 19, 2027 and June 19, 2028
restricted stock units (RSUs) financial
"The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Exercise or conversion of derivative security financial
"transaction_code_description":"Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description":"Payment of exercise price or tax liability by delivering securities"
1-for-1 basis financial
"RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis"
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SEC Form 4
FORM 4UNITED 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 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)
Director10% Owner
XOfficer (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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/19/2026M26,203A(1)26,203D
Common Stock06/19/2026F13,332D$77.9912,871D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/19/2026M26,203 (2) (2)Common Stock26,203$052,406D
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-Fact06/23/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transactions did TPC Executive Vice President Ghassan Ariqat report?

Ghassan Ariqat reported an RSU vesting and related tax withholding. On June 19, 2026, 26,203 restricted stock units converted into common shares, and 13,332 of those shares were disposed of solely to satisfy tax obligations, not as an open-market sale.

How many Tutor Perini (TPC) RSUs vested and converted into shares?

Ariqat had 26,203 restricted stock units vest and convert into 26,203 Tutor Perini common shares. These RSUs are part of a larger 78,609-unit grant awarded in June 2025 that vests in three equal annual installments, contingent on continued employment through each vesting date.

How many Tutor Perini (TPC) shares were used for tax withholding and at what price?

To cover tax liabilities from the RSU vesting, 13,332 Tutor Perini common shares were disposed of at a reported value of $77.99 per share. This F-code transaction represents payment of taxes in shares and is not an ordinary open-market sale by the executive.

What are Ghassan Ariqat’s remaining Tutor Perini (TPC) holdings after these transactions?

After the June 19, 2026 transactions, Ariqat directly held 12,871 Tutor Perini common shares. He also retained 52,406 restricted stock units from the original 78,609-unit grant, scheduled to vest in equal tranches in 2027 and 2028, subject to continued employment.

What is the structure of the 78,609 RSU grant reported for TPC?

The 78,609 restricted stock unit grant to Ariqat was awarded on June 19, 2025. It vests in three equal tranches of 26,203 units each on June 19 of 2026, 2027, and 2028. Each RSU converts into one share of Tutor Perini common stock upon vesting.