Tutor Perini adopts executive deferred compensation plan with rabbi trust structure

Filed May 26, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• medium

  Compensation Committee approved new deferred comp plan for select executives and named officers, allowing deferrals of salary, bonuses, and cash-settled equity awards into bookkeeping accounts with immediate 100% vesting.

  Item 5.02 verify on EDGAR →
• medium

  Plan may be funded through rabbi trust, but assets remain subject to creditor claims in bankruptcy or insolvency—meaning executives could lose deferred compensation if company faces financial distress.

  Item 5.02 verify on EDGAR →
• low

  Distribution options include in-service withdrawals after 2 years, lump sum 6 months after early separation, or installments up to 10 years after retirement-eligible separation (age 60 with 7 years service).

  Item 5.02 verify on EDGAR →