Tutor Perini (NYSE: TPC) EVP exercises RSUs, 13,332 shares withheld for taxes
Filing Impact
Filing Sentiment
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 Trade Summary
26,203 shares exercised/converted
Mixed
3 txns
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)
- 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 vested and converted: 26,203 units/shares
Shares withheld for taxes: 13,332 shares
Tax value per share: $77.99 per share
+4 more
7 metrics
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
Key Terms
restricted stock units (RSUs), Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering securities, 1-for-1 basis
4 terms
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"
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.
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.