Tutor Perini insider sells 400k recently; proposes 200k sale via J.P. Morgan

Rhea-AI Filing Summary

Tutor Perini Corporation (TPC) insider filing reports a proposed sale of 200,000 common shares through J.P. Morgan Securities LLC with an approximate aggregate market value of $12,776,000, scheduled about 09/17/2025. The filing states the shares were acquired on 03/23/2015 by transfer from the Ronald N. Tutor Separate Property Trust and the sale transaction is listed as a transfer.

The filing also discloses that the related trust sold 400,000 common shares during Aug–Sep 2025 in six transactions, generating $23,677,885.28 in gross proceeds. The notice includes the standard representation that the seller is unaware of any undisclosed material adverse information about the issuer.

Positive

• Transparency: Filing discloses broker, quantities, prices, acquisition history and recent related sales, meeting Rule 144 disclosure requirements
• Substantial liquidity provided: Recent related-trust sales generated $23,677,885.28 in gross proceeds, demonstrating market liquidity for the shares

Negative

• Insider selling concentration: Related parties sold 400,000 shares in Aug–Sep 2025 and propose to sell another 200,000, which may concern some investors
• Lack of contextual company information: The filing contains no operational or financial context about the issuer that would explain the sales

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice showing continued sales by related trusts; significant absolute dollar amounts but standard disclosure.

The filing documents a proposed sale of 200,000 common shares via an institutional broker and shows substantial recent dispositions by a related trust totaling 400,000 shares for roughly $23.7 million. From a market-impact perspective, these are material in dollar terms and provide liquidity from longstanding holdings acquired in 2015, but the form contains no nonpublic operational or financial information about the issuer. The disclosure complies with Rule 144 mechanics and includes the attestation regarding absence of undisclosed adverse information.

Corporate Governance Expert

TL;DR: Properly executed insider sale notice; raises governance questions about ongoing insider sales but contains no adverse disclosures.

The Form 144 is procedurally complete: it identifies the broker, class, number of shares, acquisition history, and recent sales by related trusts. While recurring large sales by related parties can attract shareholder attention, this filing itself does not allege any governance breaches or material undisclosed events. It serves primarily as a compliance and transparency document under securities rules.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	J.P. Morgan Securities LLC 390 Madison Avenue 6th Floor New York NY 10017	200000	12776000	52743248	09/17/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/23/2015	Transfer	Ronald N. Tutor Separate Property Trust, who acquired the shares on 9/2/2008			200000	03/23/2015	Transfer

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Tutor Marital Property Trust Care of Tutor Perini Corporation 15901 Olden Street Sylmar CA 91342	Common	09/03/2025	44312	2620195.15
Tutor Marital Property Trust Care of Tutor Perini Corporation 15901 Olden Street Sylmar CA 91342	Common	08/28/2025	80660	4835760.58
Tutor Marital Property Trust Care of Tutor Perini Corporation 15901 Olden Street Sylmar CA 91342	Common	08/26/2025	106832	6309700.9
Tutor Marital Property Trust Care of Tutor Perini Corporation 15901 Olden Street Sylmar CA 91342	Common	08/25/2025	20000	1183576
Tutor Marital Property Trust Care of Tutor Perini Corporation 15901 Olden Street Sylmar CA 91342	Common	08/25/2025	68196	4036316.65
Tutor Marital Property Trust Care of Tutor Perini Corporation 15901 Olden Street Sylmar CA 91342	Common	08/22/2025	80000	4692336

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for TPC disclose?

The filing discloses a proposed sale of 200,000 common shares via J.P. Morgan on 09/17/2025 with an aggregate market value of $12,776,000, the shares were acquired on 03/23/2015 by transfer.

How many shares did related trusts sell recently according to the filing?

The filing lists six sales by the Tutor Marital Property Trust totaling 400,000 common shares during Aug–Sep 2025.

What were the gross proceeds from recent sales noted in the Form 144?

Gross proceeds from the six disclosed transactions sum to $23,677,885.28.

Who is the broker named for the proposed sale in the Form 144?

The broker listed is J.P. Morgan Securities LLC at 390 Madison Avenue, New York.

Does the Form 144 state any undisclosed material information about Tutor Perini (TPC)?

By signing, the seller represents they do not know any material adverse information not publicly disclosed; the filing itself contains no such undisclosed information.