Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| TUTOR PERINI CORPTPC · Entity 774 | Director · Executive Chairman | August 31, 2026 | September 02, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
TUTOR PERINI CORP
Report date August 31, 2026 · Filed September 02, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | IndirectBy Ronald N. Tutor Separate Property Trust | 701,477 |
Reported balance
After 2026-08-31 transaction · row 1
Account identity is unresolved; indirect or unspecified ownership is not merged.
1 source rowRow 1 · 2026-08-31 · Sale · Disposed 10,000 · Balance 701,477 F1: As disclosed in his Schedule 13D/A filed with the SEC on March 3, 2026, Mr. Tutor indicated that he intends to sell some or all of his shares over the next 18 months as part of his overall estate and tax planning as he approaches retirement. Mr. Tutor noted that such sales are solely for personal reasons and he has a high degree of confidence in our business and future based on our leadership, backlog, bidding opportunities, cash position, as well as our outlook for revenue and earnings growth in 2026 and beyond, and expected future operating cash generation. F2: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.67 to $90.01, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. |
| Common StockSEC Table I · non-derivative | IndirectBy Tutor Marital Property Trust | 2,634,967 |
Reported balance
After 2026-08-31 transaction · row 2
Account identity is unresolved; indirect or unspecified ownership is not merged.
1 source rowRow 2 · 2026-08-31 · Sale · Disposed 1,500,000 · Balance 2,634,967 F1: As disclosed in his Schedule 13D/A filed with the SEC on March 3, 2026, Mr. Tutor indicated that he intends to sell some or all of his shares over the next 18 months as part of his overall estate and tax planning as he approaches retirement. Mr. Tutor noted that such sales are solely for personal reasons and he has a high degree of confidence in our business and future based on our leadership, backlog, bidding opportunities, cash position, as well as our outlook for revenue and earnings growth in 2026 and beyond, and expected future operating cash generation. F3: These shares were sold in a broker-arranged block trade transaction. |
| Common StockSEC Table I · non-derivative | IndirectBy Ronald N. Tutor 2018 Dynasty Trust | 733,255 |
Reported balance
After 2026-08-31 transaction · row 3
Account identity is unresolved; indirect or unspecified ownership is not merged.
1 source rowRow 3 · 2026-08-31 · Sale · Disposed 800,000 · Balance 733,255 F1: As disclosed in his Schedule 13D/A filed with the SEC on March 3, 2026, Mr. Tutor indicated that he intends to sell some or all of his shares over the next 18 months as part of his overall estate and tax planning as he approaches retirement. Mr. Tutor noted that such sales are solely for personal reasons and he has a high degree of confidence in our business and future based on our leadership, backlog, bidding opportunities, cash position, as well as our outlook for revenue and earnings growth in 2026 and beyond, and expected future operating cash generation. F3: These shares were sold in a broker-arranged block trade transaction. |
Filing footnotes · ownership attribution and instrument terms
F1: As disclosed in his Schedule 13D/A filed with the SEC on March 3, 2026, Mr. Tutor indicated that he intends to sell some or all of his shares over the next 18 months as part of his overall estate and tax planning as he approaches retirement. Mr. Tutor noted that such sales are solely for personal reasons and he has a high degree of confidence in our business and future based on our leadership, backlog, bidding opportunities, cash position, as well as our outlook for revenue and earnings growth in 2026 and beyond, and expected future operating cash generation.
F2: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.67 to $90.01, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.
F3: These shares were sold in a broker-arranged block trade transaction.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| January 04, 2021 Filed Jan 6, 2021 21:25 UTC | TUTOR PERINI CORP TPC · Entity 774 | Exercise / conversionCommon Stock | 150,000 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001567619-21-000531 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 150,000 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis. Read SEC document |
| November 17, 2020 Filed Nov 18, 2020 22:01 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 63,422 | $14.42 | $914,545.24 |
DisclosureSEC source: 0001567619-20-020042 · doc1.xml · nonDerivative · entry 2 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 4,832,841 F2 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.32 to $14.70, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. Read SEC document |
| November 16, 2020 Filed Nov 18, 2020 22:01 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 36,578 | $14.43 | $527,820.54 |
DisclosureSEC source: 0001567619-20-020042 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 4,896,263 F1 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.40 to $14.58, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. Read SEC document |
| November 06, 2020 Filed Nov 7, 2020 00:00 UTC | TUTOR PERINI CORP TPC · Entity 774 | OtherCommon Stock | 54,000 | $35.39 | $1,910,898.00 |
DisclosureSEC source: 0001567619-20-018887 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 4,932,841 F1 · kind: These shares were acquired by the reporting person as consideration for a settlement of a loan. F2 · price: The price reported on Column 4 represents the aggregate amount of the loan (including accrued interest), divided by the number of shares received. Read SEC document |
| September 17, 2020 Filed Sep 18, 2020 21:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 40,000 | $12.71 | $508,400.00 |
DisclosureSEC source: 0001567619-20-016888 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 4,878,841 F1 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.62 to $12.89, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. Read SEC document |
| August 28, 2020 Filed Sep 1, 2020 20:15 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 60,000 | $12.50 | $750,240.00 |
DisclosureSEC source: 0001567619-20-016234 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 4,918,841 F1 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.41 to $12.69, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. Read SEC document |
| June 18, 2020 Filed Jun 19, 2020 23:57 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 30,000 | $11.93 | $357,900.00 |
DisclosureSEC source: 0001567619-20-012464 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 4,978,841 F1 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.65 to $12.18, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. Read SEC document |
| June 09, 2020 Filed Jun 11, 2020 20:14 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 75,000 | $12.90 | $967,275.00 |
DisclosureSEC source: 0001567619-20-012009 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 5,008,841 F1 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.65 to $13.03, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4. Read SEC document |
| January 18, 2020 Filed Jan 22, 2020 21:34 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 30,682 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-20-001377 · doc1.xml · derivative · entry 9 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Tutor Marital Property Trust Disclosed balance after: 255,682 Underlying: Common Stock · 30,682 shares Expires 2028-01-05 F3 · shares: The reporting person transferred SOs to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F3 · balance_after: The reporting person transferred SOs to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F4 · balance_after: Includes 225,000 SOs that the reporting person transferred to the Tutor Marital Property Trust on December 14, 2018, as reported on Form 5 on February 1, 2019. Read SEC document |
| January 18, 2020 Filed Jan 22, 2020 21:34 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 30,682 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-20-001377 · doc1.xml · derivative · entry 8 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 30,682 shares Expires 2028-01-05 F3 · shares: The reporting person transferred SOs to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F3 · balance_after: The reporting person transferred SOs to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| January 18, 2020 Filed Jan 22, 2020 21:34 UTC | TUTOR PERINI CORP TPC · Entity 774 | GrantEmployee Stock Option (Right to Buy) · Derivative | 30,682 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-20-001377 · doc1.xml · derivative · entry 7 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 30,682 Underlying: Common Stock · 30,682 shares Expires 2028-01-05 F2 · shares: On January 5, 2018, the reporting person was granted 75,000 stock options (SOs) (target amount) vesting upon the achievement of a performance target for the fiscal year ending December 31, 2019 and Board approval; approximately 41% of the award was earned. F2 · derivative.exercise_date: On January 5, 2018, the reporting person was granted 75,000 stock options (SOs) (target amount) vesting upon the achievement of a performance target for the fiscal year ending December 31, 2019 and Board approval; approximately 41% of the award was earned. Read SEC document |
| January 18, 2020 Filed Jan 22, 2020 21:34 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 19,791 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-20-001377 · doc1.xml · nonDerivative · entry 4 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 5,083,841 Read SEC document |
| January 18, 2020 Filed Jan 22, 2020 21:34 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 19,791 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-20-001377 · doc1.xml · nonDerivative · entry 3 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Read SEC document |
| January 18, 2020 Filed Jan 22, 2020 21:34 UTC | TUTOR PERINI CORP TPC · Entity 774 | Tax withholdingCommon Stock | 10,891 | $11.58 | $126,117.78 |
DisclosureSEC source: 0001567619-20-001377 · doc1.xml · nonDerivative · entry 2 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 19,791 Read SEC document |
| January 18, 2020 Filed Jan 22, 2020 21:34 UTC | TUTOR PERINI CORP TPC · Entity 774 | GrantCommon Stock | 30,682 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001567619-20-001377 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 30,682 F1 · price: On January 5, 2018, the reporting person was granted 75,000 restricted stock units (RSUs) (target amount) vesting upon the achievement of a performance target for the fiscal year ending December 31, 2019 and Board approval; approximately 41% of the award was earned. The RSUs convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting. Read SEC document |
| August 30, 2019 Filed Jun 5, 2025 00:17 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 139,059 | $0.00 | $0.00 |
DisclosureSEC source: 0000077543-25-000147 · wk-form4_1749082673.xml · nonDerivative · entry 4 TUTOR RONALD N · CIK 0000906134 · Director · 10% owner · Executive Chairman 10b5-1 filing: No plan indicated Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 2,423,877 Read SEC document |
| August 30, 2019 Filed Jun 5, 2025 00:17 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 139,059 | $0.00 | $0.00 |
DisclosureSEC source: 0000077543-25-000147 · wk-form4_1749082673.xml · nonDerivative · entry 3 TUTOR RONALD N · CIK 0000906134 · Director · 10% owner · Executive Chairman 10b5-1 filing: No plan indicated Ownership: Indirect · By Tutor Marital Property Trust Disclosed balance after: 3,330,985 Read SEC document |
| June 18, 2019 Filed Jun 20, 2019 22:41 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 50,000 | $13.31 | $665,500.00 |
DisclosureSEC source: 0001567619-19-013791 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 5,514,050 F1 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.14 to $13.51, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4. Read SEC document |
| May 14, 2019 Filed May 15, 2019 22:08 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 30,000 | $16.58 | $497,400.00 |
DisclosureSEC source: 0001567619-19-011343 · doc1.xml · nonDerivative · entry 2 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 5,564,050 F2 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.37 to $16.76, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4. Read SEC document |
| May 13, 2019 Filed May 15, 2019 22:08 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 20,000 | $16.51 | $330,200.00 |
DisclosureSEC source: 0001567619-19-011343 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 5,594,050 F1 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.49 to $16.54, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4. Read SEC document |
| April 19, 2019 Filed Oct 4, 2019 20:15 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 450,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-19-019270 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 5,064,050 F1 · kind: The Ronald N. Tutor Separate Property Trust transferred the reported shares of common stock as a gift to a revocable trust for the benefit of Ronald N. Tutor's spouse, in which the Ronald N. Tutor Separate Property Trust and Ronald N. Tutor have no beneficial ownership interest. F2 · shares: The disposition of common stock reported on this Form 4 results in a 450,000 share decrease in the amount of common stock reported as beneficially owned by the Ronald N. Tutor Separate Property Trust in Table I Column 5 of the two Form 4s filed subsequent to the date of the transaction reported herein. F2 · balance_after: The disposition of common stock reported on this Form 4 results in a 450,000 share decrease in the amount of common stock reported as beneficially owned by the Ronald N. Tutor Separate Property Trust in Table I Column 5 of the two Form 4s filed subsequent to the date of the transaction reported herein. Read SEC document |
| March 15, 2019 Filed Mar 19, 2019 21:52 UTC | TUTOR PERINI CORP TPC · Entity 774 | Disposition to issuerEmployee Stock Option (Right to Buy) · Derivative | 27,807 | $0.00 Strike: $24.05 | $0.00 |
DisclosureSEC source: 0001567619-19-007239 · doc1.xml · derivative · entry 9 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Tutor Marital Property Trust Disclosed balance after: 248,199 Underlying: Common Stock · 27,807 shares Expires not disclosed F2 · derivative.exercise_date: On March 13, 2018, the reporting person was granted 150,000 RSUs and 150,000 stock options (SOs) vesting on March 15, 2019, based on the achievement of a performance target for fiscal year 2018; approximately 81% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4. The SOs were also previously reported on Form 5. F2 · derivative.expiration_date: On March 13, 2018, the reporting person was granted 150,000 RSUs and 150,000 stock options (SOs) vesting on March 15, 2019, based on the achievement of a performance target for fiscal year 2018; approximately 81% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4. The SOs were also previously reported on Form 5. F3 · balance_after: Includes 126,006 stock options that vested on March 15, 2018 based upon the achievement of performance criteria for the year ended December 31, 2017, as reported on Form 4 on March 19, 2018. Read SEC document |
| March 15, 2019 Filed Mar 19, 2019 21:52 UTC | TUTOR PERINI CORP TPC · Entity 774 | Disposition to issuerRestricted Stock Units · Derivative | 27,807 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-19-007239 · doc1.xml · derivative · entry 8 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 27,807 shares Expires not disclosed F1 · derivative.exercise_price: The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting. F2 · derivative.exercise_date: On March 13, 2018, the reporting person was granted 150,000 RSUs and 150,000 stock options (SOs) vesting on March 15, 2019, based on the achievement of a performance target for fiscal year 2018; approximately 81% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4. The SOs were also previously reported on Form 5. F2 · derivative.expiration_date: On March 13, 2018, the reporting person was granted 150,000 RSUs and 150,000 stock options (SOs) vesting on March 15, 2019, based on the achievement of a performance target for fiscal year 2018; approximately 81% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4. The SOs were also previously reported on Form 5. Read SEC document |
| March 15, 2019 Filed Mar 19, 2019 21:52 UTC | TUTOR PERINI CORP TPC · Entity 774 | Exercise / conversionRestricted Stock Units · Derivative | 122,193 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-19-007239 · doc1.xml · derivative · entry 7 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,807 Underlying: Common Stock · 122,193 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting. F2 · derivative.exercise_date: On March 13, 2018, the reporting person was granted 150,000 RSUs and 150,000 stock options (SOs) vesting on March 15, 2019, based on the achievement of a performance target for fiscal year 2018; approximately 81% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4. The SOs were also previously reported on Form 5. F2 · derivative.expiration_date: On March 13, 2018, the reporting person was granted 150,000 RSUs and 150,000 stock options (SOs) vesting on March 15, 2019, based on the achievement of a performance target for fiscal year 2018; approximately 81% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4. The SOs were also previously reported on Form 5. Read SEC document |
| March 15, 2019 Filed Mar 19, 2019 21:52 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 61,610 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-19-007239 · doc1.xml · nonDerivative · entry 4 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Tutor Marital Property Trust Disclosed balance after: 1,561,610 Read SEC document |
| March 15, 2019 Filed Mar 19, 2019 21:52 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 61,610 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-19-007239 · doc1.xml · nonDerivative · entry 3 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Read SEC document |
| March 15, 2019 Filed Mar 19, 2019 21:52 UTC | TUTOR PERINI CORP TPC · Entity 774 | Tax withholdingCommon Stock | 60,583 | $18.51 | $1,121,391.33 |
DisclosureSEC source: 0001567619-19-007239 · doc1.xml · nonDerivative · entry 2 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 61,610 Read SEC document |
| March 15, 2019 Filed Mar 19, 2019 21:52 UTC | TUTOR PERINI CORP TPC · Entity 774 | Exercise / conversionCommon Stock | 122,193 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001567619-19-007239 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 122,193 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting. Read SEC document |
| February 21, 2019 Filed Jun 5, 2025 00:17 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 77,449 | $0.00 | $0.00 |
DisclosureSEC source: 0000077543-25-000147 · wk-form4_1749082673.xml · nonDerivative · entry 2 TUTOR RONALD N · CIK 0000906134 · Director · 10% owner · Executive Chairman 10b5-1 filing: No plan indicated Ownership: Indirect · By Tutor Marital Property Trust Disclosed balance after: 3,470,044 Read SEC document |
| February 21, 2019 Filed Jun 5, 2025 00:17 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 77,449 | $0.00 | $0.00 |
DisclosureSEC source: 0000077543-25-000147 · wk-form4_1749082673.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · 10% owner · Executive Chairman 10b5-1 filing: No plan indicated Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 2,284,818 Read SEC document |
| January 24, 2019 Filed Jan 25, 2019 21:32 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 77,449 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-19-001674 · doc1.xml · nonDerivative · entry 4 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 5,614,050 Read SEC document |
| January 24, 2019 Filed Jan 25, 2019 21:32 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftCommon Stock | 77,449 | $0.00 | $0.00 |
DisclosureSEC source: 0001567619-19-001674 · doc1.xml · nonDerivative · entry 3 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Read SEC document |
| January 24, 2019 Filed Jan 25, 2019 21:32 UTC | TUTOR PERINI CORP TPC · Entity 774 | Tax withholdingCommon Stock | 59,236 | $17.24 | $1,021,228.64 |
DisclosureSEC source: 0001567619-19-001674 · doc1.xml · nonDerivative · entry 2 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 77,449 Read SEC document |
| January 24, 2019 Filed Jan 25, 2019 21:32 UTC | TUTOR PERINI CORP TPC · Entity 774 | GrantCommon Stock | 136,685 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001567619-19-001674 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 136,685 F1 · price: On January 1, 2016, the reporting person was granted 176,887 restricted stock units (RSUs) (target amount) vesting upon the achievement of a performance target for the three-year period ending December 31, 2018 and Board approval; approximately 77% of RSUs at target were earned. The RSUs convert into common stock of TPC on a 1-for-1 basis. F1 · balance_after: On January 1, 2016, the reporting person was granted 176,887 restricted stock units (RSUs) (target amount) vesting upon the achievement of a performance target for the three-year period ending December 31, 2018 and Board approval; approximately 77% of RSUs at target were earned. The RSUs convert into common stock of TPC on a 1-for-1 basis. Read SEC document |
| December 19, 2018 Filed Dec 22, 2018 00:32 UTC | TUTOR PERINI CORP TPC · Entity 774 | SaleCommon Stock | 75,000 | $16.13 | $1,209,750.00 |
DisclosureSEC source: 0001567619-18-008551 · doc1.xml · nonDerivative · entry 1 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By Ronald N. Tutor Separate Property Trust Disclosed balance after: 5,536,601 F1 · price: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.04 to $16.51, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 75,000 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 28 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By trust Disclosed balance after: 225,000 Underlying: Common Stock · 75,000 shares Expires 2028-01-05 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 75,000 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 27 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 75,000 shares Expires 2028-01-05 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 75,000 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 26 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By trust Disclosed balance after: 150,000 Underlying: Common Stock · 75,000 shares Expires 2028-01-05 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 75,000 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 25 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 75,000 Underlying: Common Stock · 75,000 shares Expires 2028-01-05 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 75,000 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 24 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By trust Disclosed balance after: 75,000 Underlying: Common Stock · 75,000 shares Expires 2028-01-05 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 75,000 | $0.00 Strike: $25.70 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 23 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 150,000 Underlying: Common Stock · 75,000 shares Expires 2028-01-05 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 150,000 | $0.00 Strike: $24.05 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 22 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By trust Disclosed balance after: 150,000 Underlying: Common Stock · 150,000 shares Expires not disclosed F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F2 · derivative.exercise_date: On December 22, 2014, the reporting person was granted 150,000 stock options vesting on March 15, 2019, based on the achievement of a performance target for the fiscal year 2018. The stock options were previously voluntarily reported on Form 4. F2 · derivative.expiration_date: On December 22, 2014, the reporting person was granted 150,000 stock options vesting on March 15, 2019, based on the achievement of a performance target for the fiscal year 2018. The stock options were previously voluntarily reported on Form 4. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 150,000 | $0.00 Strike: $24.05 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 21 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 150,000 shares Expires not disclosed F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F2 · derivative.exercise_date: On December 22, 2014, the reporting person was granted 150,000 stock options vesting on March 15, 2019, based on the achievement of a performance target for the fiscal year 2018. The stock options were previously voluntarily reported on Form 4. F2 · derivative.expiration_date: On December 22, 2014, the reporting person was granted 150,000 stock options vesting on March 15, 2019, based on the achievement of a performance target for the fiscal year 2018. The stock options were previously voluntarily reported on Form 4. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 126,006 | $0.00 Strike: $24.05 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 20 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By trust Disclosed balance after: 126,006 Underlying: Common Stock · 126,006 shares Expires 2024-12-22 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 126,006 | $0.00 Strike: $24.05 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 19 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 126,006 shares Expires 2024-12-22 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 142,402 | $0.00 Strike: $28.17 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 18 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By trust Disclosed balance after: 142,402 Underlying: Common Stock · 142,402 shares Expires 2024-03-30 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 142,402 | $0.00 Strike: $28.17 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 17 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 142,402 shares Expires 2024-03-30 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 75,000 | $0.00 Strike: $22.20 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 16 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By trust Disclosed balance after: 75,000 Underlying: Common Stock · 75,000 shares Expires 2023-11-13 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 75,000 | $0.00 Strike: $22.20 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 15 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 75,000 shares Expires 2023-11-13 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
| December 14, 2018 Filed Feb 2, 2019 00:03 UTC | TUTOR PERINI CORP TPC · Entity 774 | GiftEmployee Stock Option (Right to Buy) · Derivative | 150,000 | $0.00 Strike: $11.05 | $0.00 |
DisclosureSEC source: 0001567619-19-002184 · doc1.xml · derivative · entry 14 TUTOR RONALD N · CIK 0000906134 · Director · Chairman & CEO · 10% owner 10b5-1 filing: Not disclosed Ownership: Indirect · By trust Disclosed balance after: 300,000 Underlying: Common Stock · 150,000 shares Expires 2022-06-01 F1 · shares: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. F1 · balance_after: On December 14, 2018, the reporting person transferred stock options to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.