Form 4: Tutor Perini Director Dale Anne Reiss Receives Stock as Compensation

Director Dale Anne Reiss receives 7,659 shares of Tutor Perini Corp. stock as partial compensation for her 2024 Board of Directors annual retainer fee.

Summary

• Dale Anne Reiss, a director of Tutor Perini Corporation, acquired 7,659 shares of common stock on May 22, 2024, as partial compensation for her 2024 Board of Directors annual retainer fee.
• The shares were acquired at a price of $0.
• Following the transaction, Reiss directly owns 31,939 shares of common stock.
• Reiss also indirectly owns 26,501 shares through the Dale Anne Reiss Trust U/A 08/08/1990 As Amended and 37,203 shares through an Irrevocable Trust for Dale Anne Reiss.
• A Limited Power of Attorney was executed on May 22, 2024, granting authority to several individuals to execute and file Section 16(a) filings on behalf of Dale Anne Reiss.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction of stock compensation to a director, which is generally viewed as a positive sign of aligning interests.

Positives

• The acquisition of shares as compensation aligns the director's interests with those of the shareholders.
• The director's continued service on the board is affirmed by the compensation.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to insider transactions, which is common for publicly traded companies. It provides transparency regarding the compensation and ownership stakes of company directors.

Comparison to Industry Standards

• Director compensation packages vary across the construction industry, but equity-based compensation is a common practice to align director interests with shareholder value.
• Companies like AECOM and Fluor Corporation also utilize stock options and grants as part of their director compensation plans.
• The amount of stock granted to Dale Anne Reiss should be compared to the compensation packages of directors at similar-sized construction companies to assess its relative value.

Stakeholder Impact

• Shareholders may view the stock compensation as a way to align the director's interests with the company's performance.
• The transaction has a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates