TUTOR PERINI CORP — Form 10-Q
Filed August 5, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 22/100
What the filing says
Tutor Perini amended Ronald N. Tutor's employment agreement effective January 1, 2027, for a one-year term as Executive Chairman with $1M base salary, target annual bonus of 100% of base ($1M), and up to $1.5M additional cash incentive. Upon termination without cause or for good reason, he receives 2x base+bonus; upon change-of-control termination, 3x base+bonus. The company also adopted a nonqualified deferred compensation plan (effective June 8, 2026) and new RSU/PSU award forms under its omnibus incentive plan.
Why this rating
Routine executive employment renewal; compensation and terms are standard for a founder-chairman. No material change to business operations or strategy disclosed.
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