Form 4: Tutor Perini CEO Gary Smalley Receives RSU Grant
Statement of Changes in Beneficial Ownership
Tutor Perini Corporation CEO and President Gary G. Smalley was granted 40,226 restricted stock units on May 20, 2026.
Summary
- Gary G. Smalley, CEO and President of Tutor Perini Corporation, received a grant of 40,226 restricted stock units (RSUs).
- The RSUs are subject to a multi-year vesting schedule contingent upon continued employment.
- The grant was issued on May 20, 2026, with a conversion ratio of 1-for-1 into common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of executive interests with long-term shareholder value through equity-based compensation.
- Retention mechanism established via a three-year staggered vesting schedule.
Negatives
- Potential for future shareholder dilution upon the eventual conversion and issuance of common stock.
Risks
- Vesting is contingent upon continued employment, creating potential turnover risk if the executive departs before the full vesting period concludes.
Future Outlook
The grant indicates a commitment to executive retention through 2029, contingent on continued service.
Management Comments
- The grant is subject to the reporting person's continued employment through the specified vesting dates.
Industry Context
StockSavvy.ai notes that equity-based compensation remains a standard practice in the construction and engineering sector to align executive performance with long-term corporate strategy and shareholder interests.
Comparison to Industry Standards
- The use of multi-year staggered vesting for executive compensation is consistent with standard corporate governance practices for publicly traded firms.
- The 1-for-1 conversion ratio is standard for RSU grants in the engineering and construction industry.
Stakeholder Impact
- Shareholders may experience minor dilution upon the conversion of these units into common stock.
Next Steps
- Vesting of 13,408 units on May 20, 2027.
- Vesting of 13,409 units on May 20, 2028.
- Vesting of 13,409 units on May 20, 2029.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Grant date of the restricted stock units. |
| 05/20/2027 | Initial vesting date for 13,408 units. |
| 05/20/2028 | Second vesting date for 13,409 units. |
| 05/20/2029 | Final vesting date for 13,409 units. |
| 05/22/2026 | Filing date of the Form 4. |
Keywords
Tutor Perini, TPC, Insider Trading, Form 4, Executive Compensation, Restricted Stock Units
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