Form 4: Tutor Perini CFO's Cash Settlement of Phantom Stock Units

Tutor Perini's Executive VP & CFO, Ryan Soroka, received cash settlement for vested phantom stock units on March 12 and 13, 2026, as part of his compensation.

Summary

• Ryan Soroka, Executive VP & CFO of Tutor Perini Corp (TPC), reported changes in beneficial ownership related to executive compensation.
• On March 12, 2026, 5,831 cash-settled phantom stock units (PSUs) vested from a grant made on March 12, 2025.
• These 5,831 PSUs were settled in cash at a value equal to the closing price of common stock, which was $69.2 per share on the vesting date.
• On March 13, 2026, 4,779 cash-settled PSUs vested from a grant made on March 13, 2024.
• These 4,779 PSUs were settled in cash at a value equal to the closing price of common stock, which was $67.76 per share on the vesting date.
• The reporting person did not purchase or sell any shares of common stock; these transactions represent cash settlements of equity awards.
• Following these reported transactions, Ryan Soroka directly beneficially owns 42,883 shares of Tutor Perini Corporation common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting routine executive compensation and not indicating any significant operational or financial changes for Tutor Perini Corporation.

Positives

• Executive VP & CFO Ryan Soroka received cash compensation from the vesting of phantom stock units, reflecting the execution of a pre-established compensation plan.

Future Outlook

Future vesting of 5,832 phantom stock units is scheduled for March 12, 2027, and March 12, 2028, from the 2025 grant. Additionally, 4,779 phantom stock units are scheduled to vest on March 13, 2027, from the 2024 grant. All future vestings are contingent upon the reporting person's continued employment through each applicable vesting date.

Industry Context

StockSavvy.ai notes that this Form 4 filing reflects standard executive compensation practices involving cash-settled phantom stock units, which are common across various industries for aligning executive incentives with company performance without immediate dilution from stock issuance.

Related Party Transactions

• Cash settlement of 5,831 phantom stock units for Executive VP & CFO Ryan Soroka on March 12, 2026, at $69.2 per unit, as part of his compensation.
• Cash settlement of 4,779 phantom stock units for Executive VP & CFO Ryan Soroka on March 13, 2026, at $67.76 per unit, as part of his compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transactions involve cash settlement of equity awards rather than direct stock sales or purchases by the insider, thus not immediately affecting share count or market liquidity.
• Employees: No direct impact on the broader employee base is indicated by this executive compensation disclosure.

Next Steps

• Future vesting of 5,832 phantom stock units on March 12, 2027, contingent on continued employment.
• Future vesting of 5,832 phantom stock units on March 12, 2028, contingent on continued employment.
• Future vesting of 4,779 phantom stock units on March 13, 2027, contingent on continued employment.

Key Dates

Recommendation

This filing details routine executive compensation through the cash settlement of phantom stock units. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and part of the company's established compensation plan.

Keywords

Tutor Perini, TPC, Form 4, insider transaction, executive compensation, phantom stock units, cash settlement, Ryan Soroka