March 13, 2025 · Form 4 insider transaction
SOROKA RYAN JOSEPH sold 4,779 shares of TUTOR PERINI CORP at $24.65 per share, a transaction worth $117.8K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 1 day after the transaction.
On March 13, 2024, the reporting person was granted 14,337 cash-settled phantom stock units, of which 4,779 vest on each of March 13, 2025, 2026 and 2027, 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. 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 back to the Issuer under SEC reporting principles.