March 12, 2026 · Form 4 insider transaction
SMALLEY GARY G. sold 25,918 shares of TUTOR PERINI CORP at $69.20 per share, a transaction worth $1.79M. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 4 days after the transaction.
On March 12, 2025, the reporting person was granted 77,754 cash-settled phantom stock units, of which 25,918 vested on March 12, 2026 and 25,918 vest on each of March 12, 2027 and 2028, contingent upon the reporting person's continued employment through each applicable vesting date. The 25,918 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.