March 13, 2024 · Form 4 insider transaction
SMALLEY GARY G. bought 172,048 shares of Tutor Perini Corporation 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 366 days after the transaction.
Reflects the target number (Target Award) of cash-settled performance stock units (CPSUs) granted on March 13, 2024, which are scheduled to vest on December 31, 2026 based upon achievement of certain annualized stock price growth goals over a three-year performance period, with vesting ranging from 0% to 250% of the Target Award. The cash settlement amount will equal the number of shares that vest multiplied by the then fair market value of the shares. Due to an administrative error by the Company, the report for this award was filed late. The March 13, 2024 award was granted when the reporting person was President.