Form 4: Tutor Perini Corp Senior VP & CFO Ryan Joseph Soroka Reports Stock Transactions

Ryan Joseph Soroka, Senior VP & CFO of Tutor Perini Corp, reports the vesting and subsequent disposal of restricted stock units, resulting in changes to his beneficial ownership of common stock.

Summary

• On March 8, 2024, Ryan Joseph Soroka, Senior VP & CFO of Tutor Perini Corp, vested 10,000 restricted stock units (RSUs) which converted into common stock.
• Soroka then disposed of 5,635 shares of common stock at a price of $12.71.
• Following these transactions, Soroka directly owned 30,134 shares of common stock.
• On March 9, 2024, Soroka vested another 10,000 restricted stock units (RSUs) which converted into common stock.
• Soroka then disposed of 5,351 shares of common stock at a price of $12.71.
• Following these transactions, Soroka directly owned 34,499 shares of common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for all publicly traded companies in the United States.
• The information disclosed in this filing is consistent with what is expected for insider transactions.
• Comparable companies such as Fluor Corporation (FLR) and Jacobs Engineering Group (J) also have their executives file Form 4s when they trade company stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates