Tutor Perini Corp Files Definitive Proxy Statement

TL;DR

<b>Tutor Perini Corporation has filed its Definitive Proxy Statement for the 2024 Annual Meeting of Shareholders.</b>

AI Summary

TUTOR PERINI CORP (TPC) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Tutor Perini Corporation filed a Definitive Proxy Statement on April 12, 2024. The filing pertains to the company's 2024 Annual Meeting of Shareholders. The company's principal executive offices are located at 15901 Olden Street, Sylmar, California. The filing includes information related to equity awards granted, vested, and forfeited during the 2023 fiscal year for both PEO and Non-PEO members. Tutor Perini Corporation operates in the General Building Contractors - Nonresidential Buildings sector.

Why It Matters

For investors and stakeholders tracking TUTOR PERINI CORP, this filing contains several important signals. This filing provides shareholders with essential information regarding the upcoming annual meeting, including details on executive compensation and equity awards, which are crucial for informed voting decisions. As a DEF 14A filing, it outlines the company's governance practices and proposals to be voted on by shareholders, impacting the company's strategic direction and management.

Risk Assessment

Risk Level: low — TUTOR PERINI CORP shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial results or significant strategic changes, indicating a standard disclosure process.

Analyst Insight

Shareholders should review the proxy statement to understand the proposals and executive compensation details before the 2024 Annual Meeting.

Key Numbers

• 2024 — Annual Meeting Year (Tutor Perini Corporation 2024 Annual Meeting of Shareholders)
• 2023-12-31 — Fiscal Year End (Reporting period for equity awards)
• 2024-04-12 — Filing Date (Date of DEF 14A filing)
• 1540 — SIC Code (General Building Contractors - Nonresidential Buildings)

Key Players & Entities

• TUTOR PERINI CORP (company) — Registrant Name
• 15901 Olden Street (address) — Business Address
• Sylmar, California (address) — Business Address
• 2024 (date) — Annual Meeting Year
• 2023 (date) — Fiscal Year for Equity Awards
• 1934 Act (regulation) — SEC Act
• 1540 (sic_code) — Standard Industrial Classification
• 0000077543 (company_id) — Central Index Key

FAQ

Industry Context

Tutor Perini Corporation is a general building contractor focused on nonresidential construction projects.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the detailed breakdown of equity awards granted, vested, and forfeited for PEO and Non-PEO members in 2023.
2. Understand the proposals to be voted on at the 2024 Annual Meeting of Shareholders.
3. Note the company's principal business address and its SIC code for industry classification.

Key Dates

• 2024-05-22: 2024 Annual Meeting of Shareholders — Date of the shareholder meeting
• 2024-04-12: Filing Date — Date the DEF 14A was filed with the SEC

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure for annual meetings and does not represent a change from previous filings in terms of format or purpose.

Key Financial Figures

• $14,000 — solicitation process for a fee of up to $14,000 plus reimbursement of certain out-of-po

Filing Documents

• tpc-20240412.htm (DEF 14A) — 1227KB
• tpc-20240412_g1.jpg (GRAPHIC) — 317KB
• tpc-20240412_g10.jpg (GRAPHIC) — 169KB
• tpc-20240412_g2.jpg (GRAPHIC) — 9KB
• tpc-20240412_g3.jpg (GRAPHIC) — 66KB
• tpc-20240412_g4.jpg (GRAPHIC) — 75KB
• tpc-20240412_g5.jpg (GRAPHIC) — 207KB
• tpc-20240412_g6.jpg (GRAPHIC) — 196KB
• tpc-20240412_g7.jpg (GRAPHIC) — 215KB
• tpc-20240412_g8.jpg (GRAPHIC) — 161KB
• tpc-20240412_g9.jpg (GRAPHIC) — 145KB
• 0000077543-24-000081.txt (&nbsp;) — 5537KB
• tpc-20240412.xsd (EX-101.SCH) — 4KB
• tpc-20240412_def.xml (EX-101.DEF) — 5KB
• tpc-20240412_lab.xml (EX-101.LAB) — 7KB
• tpc-20240412_pre.xml (EX-101.PRE) — 4KB
• tpc-20240412_htm.xml (XML) — 114KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 37 Summary Compensation Table 37 All Other Compensation 38 Total Realized Compensation 39 Grants of Plan-Based Awards in 2023 40 Outstanding Equity Awards as of December 31, 2023 41 2023 Option Exercises and Stock Vested Table 42 Agreements and Arrangements with NEOs 42 Potential Payments Upon Termination or Change in Control 44 CEO PAY RATIO DISCLOSURE 50 PAY VERSUS PERFORMANCE 50 DIRECTOR COMPENSATION 54 56 SHAREHOLDER PROPOSALS FOR 2025 ANNUAL MEETING 57 OTHER MATTERS 57 HOUSEHOLDING OF ANNUAL MEETING MATERIALS 57 WHERE YOU CAN FIND ADDITIONAL INFORMATION 58 EXHIBIT A 59 TUTOR PERINI CORPORATION 15901 Olden Street Sylmar, California 91342 PROXY STATEMENT April 12, 2024 INTRODUCTION This proxy statement is furnished in connection with the solicitation by the Board of Directors (the "Board") of Tutor Perini Corporation (the "Company," "Tutor Perini," "TPC," "we," "us" or "our") of proxies for use in voting at the 2024 Annual Meeting of Shareholders (the "Annual Meeting") to be held at our corporate headquarters, 15901 Olden Street, Sylmar, California, on May 22, 2024 at 11:30 a.m. Pacific Time , and any adjournment or postponement thereof. Only shareholders of record as of the close of business on March 25, 2024 (the "Record Date") are entitled to notice of and to vote at the Annual Meeting and any adjournments or postponements thereof. As of the Record Date, the Company had 52,284,162 shares of common stock outstanding. Each share of common stock is entitled to one vote. At the Annual Meeting, our shareholders will consider and vote on the following matters: Proposal 1 , for the election of each of th e nine nominees for director named in this proxy statement, requires the affirmative vote of a plurality of the votes cast by the shares entitled to vote in the election. You may vote FOR any or all

View Full Filing

View this DEF 14A filing on SEC EDGAR