[144] TUTOR PERINI CORP SEC Filing
Tutor Perini Corporation (TPC) Form 144 notifies a proposed sale of 124,668 shares of common stock through RBC Capital Markets on 09/18/2025 with an aggregate market value of $8,221,530.00. The filing shows 52,743,248 shares outstanding and details the seller's acquisition history, including director grants from 2013–2020 and open-market purchases in 2018 and 2020 totaling multiple tranches. The seller identified in the filing is Sidney Feltenstein, who sold 332 shares on 09/17/2025 for $21,580.00. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.
- Full Rule 144 disclosure: The filing lists the shares to be sold, broker, date of sale, and aggregate market value.
- Acquisition history provided: Multiple director grants and open-market purchases are itemized with dates and amounts, improving transparency.
- Seller representation: The notice includes the signature representation that no undisclosed material adverse information is known.
- Large proposed sale: The seller intends to sell 124,668 shares valued at $8,221,530.00, which is a material block of stock being offered.
- Recent insider sale: The filing reports a sale of 332 shares on 09/17/2025 for $21,580.00 one day before the proposed larger sale.
Insights
TL;DR: A significant Rule 144 notice: a known insider or affiliate plans to sell ~124.7k shares worth $8.22M, with detailed acquisition history disclosed.
The filing provides clear, itemized disclosure of the securities to be sold and the seller's acquisition history, satisfying Rule 144 transparency requirements. The transaction is routed through a broker-dealer, and a recent small sale (332 shares) one day prior is documented. For investors, this is a routine insider liquidity event rather than an operational disclosure: the form contains no new financial or operational information about Tutor Perini itself.
TL;DR: Governance disclosure appears complete: seller certifies absence of undisclosed material information and provides acquisition provenance.
The form lists multiple director grants and open-market purchases with dates and amounts, which helps trace beneficial ownership and compliance with resale rules. The seller's certification about material adverse information is included, as required. The filing does not indicate adoption of a trading plan or other governance actions beyond the standard Rule 144 notice.