---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-21-000078"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2021-08-30T23:59:59+00:00"
generated_at: "2026-06-29T07:09:07.034625+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini extends CEO Ron Tutor's contract to 2026 with enhanced comp and transition bonuses

## Summary
- CEO Ron Tutor's employment extended through Dec 31, 2026; CEO period ends Dec 31, 2024, then Executive Chairman.
- Base salary increased to $1.9M/yr (CEO period) then $1.85M/yr; target bonus 175% of salary through 2024.
- Up to $3M in transition bonuses: $1.5M upon Board approval of successor CEO by June 2024, $1.5M after mentoring.
- Annual equity grants: $8M target value (RSUs + performance units) for 2021-2024; $4M time-based RSUs for 2025-2026.
- Severance benefits enhanced for change-in-control termination, including cash value of future RSU grants.

## SEC filing metadata
- accession: 0000077543-21-000078
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2021-08-30T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754321000078/0000077543-21-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754321000078/tpc-20210825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-21-000078
- JSON: https://secwatch.observer/filing/0000077543-21-000078.json
- Plain text: https://secwatch.observer/filing/0000077543-21-000078.txt

## Key facts
- Executive change
  Ronald N. Tutor changed role as Executive Chairman at TUTOR PERINI CORP.
  - Action: will serve as Executive Chairman
  - Role: Executive Chairman
  source text: Mr. Tutor will serve as CEO of the Company through December 31, 2024 (the "CEO Period"), and as Executive Chairman of the Board from January 1, 2025 through December 31, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754321000078/0000077543-21-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.