Form 4: Tutor Perini Executive Vice President Settles Phantom Stock Units

Executive Vice President Ghassan Ariqat settles 30,000 cash-settled phantom stock units of Tutor Perini Corporation on April 1, 2025.

Summary

• Ghassan Ariqat, Executive Vice President of Tutor Perini Corporation, settled 30,000 cash-settled phantom stock units on April 1, 2025.
• These units were part of an award of 90,000 units granted on January 26, 2023, vesting in three equal installments annually.
• The settlement is in cash, with the value determined by the closing price of Tutor Perini's common stock on the vesting date.
• The reporting person did not purchase or sell any shares of common stock in the settlement of this award, however, the transaction is required to be reported as an acquisition and disposition back to the Issuer under SEC reporting principles.
• The price per share for the disposition of common stock was $23.18.

Sentiment

Score: 5

Explanation: This is a routine disclosure of executive compensation, with no particularly positive or negative implications.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The settlement of phantom stock units impacts the executive's compensation and holdings in the company.

Key Dates

Keywords

phantom stock units, Tutor Perini, executive compensation, Form 4, insider trading, Ghassan Ariqat