Company (NYSE: TPC) files to sell 52.6M common shares via RBC Capital
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.
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Key Figures
Shares of common stock to be sold: 52,569,117 shares
Aggregate market value: $17,877,614.00
Planned sale date: 08/07/2026
+3 more
6 metrics
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
Key Terms
Form 144, board compensation, open market purchase
3 terms
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.
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.