Form 4: Tutor Perini Executive VP Ryan Joseph Soroka Reports Acquisition and Disposition of Phantom Stock Units

Executive VP & CFO of Tutor Perini Corp, Ryan Joseph Soroka, reports transactions involving cash-settled phantom stock units, including acquisition and disposition due to vesting.

Summary

• Ryan Joseph Soroka, Executive VP & CFO of Tutor Perini Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 13, 2025, Soroka acquired 4,779 common stock units through the vesting of phantom stock units.
• Simultaneously, Soroka disposed of 4,779 common stock units at a price of $24.65.
• Following these transactions, Soroka directly owns 38,302 shares of common stock.
• On March 12, 2025, Soroka was granted 17,495 cash-settled phantom stock units that vest in installments through 2028.
• The phantom stock units are settled in cash based on Tutor Perini Corporation's common stock closing price on the vesting date.

Sentiment

Score: 7

Explanation: The document reflects routine executive compensation activity, which is generally neutral to positive as it incentivizes management. The sentiment is slightly positive due to the alignment of executive interests with shareholder value.

Positives

• The granting of phantom stock units to the Executive VP & CFO aligns his interests with the long-term performance of the company.
• The vesting schedule of the phantom stock units incentivizes continued employment and contribution to the company's success.

Future Outlook

The reporting person will continue to vest in the remaining phantom stock units contingent upon continued employment through the applicable vesting dates.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a key executive.
• Employees may be indirectly impacted by the incentive structure for executives.

Key Dates