Jensen William E 4

4 · TUTOR PERINI CORP · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Tutor Perini (TPC) EVP William Jensen Receives Award Settled for $439K

What Happened

William E. Jensen, Executive Vice President of Tutor Perini Corporation (TPC), had 6,479 phantom stock units vest on March 14, 2026. Those vested units were cash‑settled based on the closing share price ($67.76), producing proceeds of $439,017.
The Form 4 reports an exercise/conversion of a derivative (code M) and a disposition to the issuer (code D). Under SEC reporting rules, the cash settlement of phantom units is reported as an acquisition and immediate disposition back to the issuer, even though no market shares changed hands.

Key Details

Transaction date: March 14, 2026; filing date: March 16, 2026 (filed within typical Form 4 timing).
Units/shares involved: 6,479 phantom stock units vested and were settled in cash.
Price/value: settlement price = $67.76 per share; total cash settled ≈ $439,017.
Footnote: These units were part of a 19,439-unit grant on March 14, 2025; vesting schedule was 6,479 on 3/14/26 and 6,480 on each of 3/14/27 and 3/14/28, contingent on continued employment.
Shares owned after transaction: not disclosed in the filing.
Filing timeliness: appears timely (reported two days after the vesting/settlement date).

Context

This was a cash settlement of phantom (cash‑settled) stock units, not an open‑market sale of shares. The reporting shows acquisition and immediate disposition back to the issuer per SEC disclosure conventions; Jensen did not buy or sell common stock on the market as part of this transaction.
Cash settlements are routine compensation events and do not necessarily indicate insider sentiment about the stock.

Form 4

Period: 2026-03-14

Executive Vice President

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-14+6,479→ 43,702 total
Disposition to Issuer
Common Stock
[F1]
2026-03-14$67.76/sh−6,479$439,017→ 37,223 total
Exercise/Conversion
Phantom Stock Units
[F1]
2026-03-14−6,479→ 12,960 total
→ Common Stock (6,479 underlying)

Footnotes (1)

[F1]On March 14, 2025, the reporting person was granted 19,439 cash-settled phantom stock units, of which 6,479 vested on March 14, 2026 and 6,480 vest on each of March 14, 2027 and 2028, contingent upon the reporting person's continued employment through each applicable vesting date. The 6,479 phantom stock units that vested on March 14, 2026 were settled in cash at a value equal to the number of units vested multiplied by the closing price per share of common stock of Tutor Perini Corporation (Issuer) 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 of shares back to the Issuer under SEC reporting principles.

Signature

/s/ Ifigenia Protopappas, Attorney-in-Fact|2026-03-16

1 file