Form 4: Tutor Perini Director Robert Lieber Receives Stock as Compensation

Director Robert C. Lieber received 10,531 shares of Tutor Perini Corp. stock as partial compensation for his 2024 Board of Directors annual retainer fee.

Summary

• Robert C. Lieber, a director of Tutor Perini Corp., received 10,531 shares of common stock on May 22, 2024.
• The shares were issued as partial compensation for his 2024 Board of Directors annual retainer fee.
• Following the transaction, Lieber directly owns 170,172 shares of Tutor Perini Corp.
• Lieber has granted a Limited Power of Attorney to Gary G. Smalley, Anthony C. Fiore, Kristiyan D. Assouri, Ifigenia Protopappas and Ryan J. Soroka to execute and file Section 16(a) forms on his behalf.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock compensation) and doesn't contain any alarming information. The sentiment is neutral to slightly positive as it indicates director alignment with company interests.

Positives

• The acquisition of shares by a director demonstrates continued alignment with the company's success.

Industry Context

Executive compensation in the form of stock is a common practice in publicly traded companies to align the interests of directors and management with those of shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it demonstrates director alignment with company performance.

Key Dates