March 12, 2025 · Form 4 insider transaction
SMALLEY GARY G. bought 77,754 shares of TUTOR PERINI CORP at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
On March 12, 2025, the reporting person was granted 77,754 cash-settled phantom stock units, of which 25,918 vest on each of March 12, 2026, 2027 and 2028, contingent upon the reporting person's continued employment through each applicable vesting date. These phantom stock units are considered derivative securities 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 applicable vesting date.