Tutor Perini (NYSE: TPC) SVP Dieu exercises RSUs and settles tax via share delivery
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tutor Perini Corp senior executive Henry Dieu reported routine equity compensation activity. On June 19, 2026, he exercised 1,191 restricted stock units into common stock at a conversion price of $0.00 per share and delivered 522 shares of common stock at $77.99 per share to cover tax obligations.
Following the tax-withholding disposition, he directly held 2,488 shares of common stock. Footnotes state the RSUs convert to common stock on a 1-for-1 basis and are part of a 3,574-unit grant from June 19, 2025 that vests in three annual installments through 2028, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,191 shares exercised/converted
Mixed
3 txns
Insider
DIEU HENRY
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,191 | $0.00 | -- |
| Exercise | Common Stock | 1,191 | $0.00 | -- |
| Tax Withholding | Common Stock | 522 | $77.99 | $41K |
Holdings After Transaction:
Restricted Stock Units — 2,383 shares (Direct, null);
Common Stock — 3,010 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 3,574 RSUs, of which 1,191 vested on June 19, 2026, 1,191 vest on June 19, 2027 and 1,192 vest on June 19, 2028, contingent upon the reporting person's continued employment through these dates.
Key Figures
RSUs exercised: 1,191 units
Tax-withheld shares: 522 shares
Shares held after transaction: 2,488 shares
+4 more
7 metrics
RSUs exercised
1,191 units
Converted to common stock on June 19, 2026
Tax-withheld shares
522 shares
Delivered to cover tax liability at $77.99 per share
Shares held after transaction
2,488 shares
Common stock directly owned following tax-withholding disposition
RSU grant size
3,574 units
Grant dated June 19, 2025
Second vesting tranche
1,191 units
Scheduled to vest on June 19, 2027, subject to continued employment
Final vesting tranche
1,192 units
Scheduled to vest on June 19, 2028, subject to continued employment
Tax-withholding price
$77.99 per share
Value used for 522-share tax-withholding disposition
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, vest
4 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
vest financial
"1,191 vested on June 19, 2026, 1,191 vest on June 19, 2027 and 1,192 vest on June 19, 2028"
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.
FAQ
What insider transactions did TUTOR PERINI CORP (TPC) report for Henry Dieu?
Henry Dieu exercised 1,191 restricted stock units into common stock and delivered 522 common shares to satisfy tax obligations. These actions reflect equity compensation vesting rather than an open‑market purchase or sale of Tutor Perini Corp shares.
Did the TPC insider transaction involve open-market buying or selling of stock?
No, the filing shows no open‑market buys or sells. The activity consists of a derivative exercise of 1,191 restricted stock units and a 522‑share tax‑withholding disposition, both typical for equity compensation vesting events at Tutor Perini Corp.
What is the vesting schedule for Henry Dieu’s restricted stock units at TPC?
Henry Dieu received 3,574 restricted stock units on June 19, 2025. Footnotes state 1,191 vested on June 19, 2026, another 1,191 vest on June 19, 2027, and 1,192 vest on June 19, 2028, contingent on his continued employment with Tutor Perini Corp.
What does the tax-withholding disposition mean in Henry Dieu’s TPC Form 4?
The tax‑withholding disposition means 522 Tutor Perini Corp shares were delivered to cover tax liabilities from vesting. This is categorized under code F, reflecting payment of taxes with shares and not an elective sale in the open market by the executive.