Tutor Perini enters separation benefit agreements with three executives, including CFO Ryan Soroka
On March 31, 2025, Tutor Perini signed Separation Benefits Agreements with three executives: Ghassan Ariqat, Kristiyan Assouri and CFO Ryan Soroka. The agreements set severance at 150% of base salary plus target bonus, rising to 200% if termination follows a change in control, and provide for equity vesting and a pro-rata bonus. The filing describes these as compensation terms for executives rather than a change in leadership, so the direct effect on shareholders is limited to the potential cost of severance if an executive leaves.
Key points
- Agreements dated March 31, 2025, cover Ghassan M. Ariqat, Kristiyan D. Assouri and Ryan J. Soroka
- Severance equals 150% of base salary plus target bonus, or 200% if termination occurs within two years after, or in some cases six months before, a change in control
- Benefits include a pro-rata bonus based on actual performance and full vesting of equity awards, with performance awards vesting at the greater of target or actual performance
- Payments are conditional on signing and not revoking a general release of claims
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 04, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.