STOCK TITAN

Company (NYSE: TPC) files to sell 52.6M common shares via RBC Capital

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

An affiliate of TPC filed to potentially sell common stock through RBC Capital Markets LLC on the NYSE. The filing lists up to 52,569,117 shares of common stock with an aggregate market value of $17,877,614.00 as of the planned sale date of 08/07/2026.

The securities were originally acquired between 2020 and 2026 through a mix of board compensation grants and a 68,300‑share open market purchase on 05/18/2023, along with several smaller compensation-related issuances.

Positive

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Shares of common stock to be sold 52,569,117 shares Proposed sale of common stock through RBC Capital Markets LLC
Aggregate market value $17,877,614.00 Value associated with 52,569,117 common shares as of 08/07/2026
Planned sale date 08/07/2026 Date tied to proposed sale of common stock on NYSE
Open market purchase shares 68,300 shares Common shares acquired via open market purchase on 05/18/2023
Board compensation grant 06/04/2020 14,814 shares Common shares received as board compensation on 06/04/2020
Board compensation grant 05/22/2023 40,635 shares Common shares received as board compensation on 05/22/2023
Form 144 regulatory
"144: Securities To Be Sold COMMON | 06/04/2020 | BOARD COMPENSATION"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
board compensation financial
"COMMON | 06/04/2020 | BOARD COMPENSATION | ISSUER"
open market purchase financial
"COMMON | 05/18/2023 | OPEN MARKET PURCHASE | OPEN MARKET"
An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does the Form 144 filing for TPC disclose?

The Form 144 for TPC discloses a proposed sale of up to 52,569,117 common shares through RBC Capital Markets LLC on the NYSE, with an indicated aggregate market value of $17,877,614.00 as of 08/07/2026.

How many TPC shares are covered by the planned sale in this Form 144?

The planned sale covers up to 52,569,117 shares of TPC common stock. This amount is tied to an indicated aggregate market value of $17,877,614.00 and a planned sale date of 08/07/2026 on the NYSE.

What is the aggregate market value of TPC shares in the Form 144?

The Form 144 indicates an aggregate market value of $17,877,614.00 for the 52,569,117 TPC common shares covered by the planned sale through RBC Capital Markets LLC, referencing a planned sale date of 08/07/2026.

How were the TPC shares in the Form 144 originally acquired?

The TPC shares were acquired primarily through board compensation grants on dates from 06/04/2020 to 05/26/2026, plus an open market purchase of 68,300 shares on 05/18/2023. Each grant has a specified share amount and acquisition date.

Which broker is handling the potential TPC share sale in the Form 144?

The potential sale of TPC common stock is associated with RBC Capital Markets LLC, located at 250 Nicollet Mall, Suite 1700, Minneapolis, MN 55401, acting in connection with trading on the NYSE.

Over what period were TPC board compensation shares in this Form 144 granted?

Board compensation shares in this Form 144 were granted between 06/04/2020 and 05/26/2026, including notable issuances such as 40,635 shares on 05/22/2023 and 12,445 shares on 05/23/2024, along with several smaller grants.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature