secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0000077543-25-000071
Event type: other
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini enters severance agreements with three named executives providing 150% of base+bonus
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- Agreements with Ghassan Ariqat (EVP Building/Specialty), Kristiyan Assouri (EVP, Chief Legal Officer), and Ryan Soroka (EVP/CFO).
- On termination without cause or for good reason: severance = 150% of base salary plus target bonus, pro-rata bonus, full equity vesting.
- If termination occurs within 2 years after a change in control, severance multiplier rises to 200% of base salary plus target bonus.
- Death or disability triggers pro-rata bonus and full equity vesting; options remain exercisable until max expiration.
- Severance payments conditioned on execution and non-revocation of a general release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754325000071/0000077543-25-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754325000071/tpc-20250331.htm
  HTML page:      https://secwatch.observer/filing/0000077543-25-000071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer