TPC Form 144: Director Sale of 332 Shares Worth $21,580
Tutor Perini Corporation (TPC) Form 144 notice reports a proposed sale of 332 shares of common stock through RBC Capital Markets with an aggregate market value of $21,580.00.
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Rhea-AI Filing Summary
Tutor Perini Corporation (TPC) Form 144 notice reports a proposed sale of 332 shares of common stock through RBC Capital Markets with an aggregate market value of $21,580.00. The shares were acquired on 12/11/2013 as a director grant from the issuer and are scheduled for sale approximately on 09/17/2025 on the NYSE. The filing lists 52,743,248 shares outstanding, and indicates no other securities sold by the reporting person in the past three months. Several standard filer contact and issuer identification fields are present but not populated in the provided content.
Insights
TL;DR: Small director-held equity sale; immaterial to capitalization and likely routine compliance with Rule 144.
The filing documents a proposed sale of 332 common shares registered under Rule 144, executed via a broker on the NYSE. The shares were originally received as a director grant on 12/11/2013 from the issuer. With 52,743,248 shares outstanding and an aggregate value stated at $21,580, this transaction represents a de minimis portion of outstanding capital and does not, on its face, indicate a change in operational or financial condition. The notice also confirms no related sales in the prior three months as reported.
TL;DR: Routine insider sale filing consistent with disclosure obligations; no governance red flags in the notice itself.
The Form 144 shows the seller is disposing of shares received as a director grant more than a decade earlier. The statement included in the remarks affirms the signer does not possess undisclosed material information. The filing lacks additional context such as the reporting person's identity or CIK in the provided text, but the mechanics—brokered sale, Rule 144 notice, and absence of other recent sales—are standard for insider compliance and do not raise immediate governance concerns based solely on the disclosed facts.
FAQ
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What does the TPC Form 144 filing disclose about the proposed sale?
Does the filing show other sales by the same person in the past three months?
Who is the broker handling the proposed sale in the TPC Form 144?
AI-generated analysis. How Rhea-AI works. Not financial advice.