Tutor Perini (TPC) director Dennis Oklak donates 12,000 shares to charitable entities
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tutor Perini Corp director Dennis D. Oklak reported charitable gifts of company stock. On June 17, 2026, he made two bona fide gifts totaling 12,000 shares of Common Stock, with no sale proceeds involved. One gift went to the Meridian Foundation, Inc., his family non-profit foundation, and another to a charitable donor-advised fund.
He retains voting and investment power over shares held by the Meridian Foundation, Inc., but the filing states he no longer has any pecuniary interest in those gifted shares. These are non-market, charitable transfers rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,000 shares gifted
Mixed
2 txns
Insider
OKLAK DENNIS D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 8,000 | $0.00 | -- |
| Gift | Common Stock | 4,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 87,488 shares (Direct, null)
Footnotes (1)
- The shares were gifted to the Meridian Foundation, Inc., Mr. Oklak's family non-profit foundation, and not sold. Mr. Oklak has voting and investment power over the shares held by the Meridian Foundation, Inc., but no longer has any pecuniary interest in these shares. Reflects the gift of common stock to a charitable donor-advised fund.
Key Figures
Gifted shares (first transaction): 4,000 shares
Gifted shares (second transaction): 8,000 shares
Total gifted shares: 12,000 shares
3 metrics
Gifted shares (first transaction)
4,000 shares
Bona fide gift of Common Stock on June 17, 2026
Gifted shares (second transaction)
8,000 shares
Bona fide gift of Common Stock on June 17, 2026
Total gifted shares
12,000 shares
Aggregate of two bona fide gifts reported in Form 4
Key Terms
bona fide gift, pecuniary interest, donor-advised fund, voting and investment power
4 terms
bona fide gift financial
"The transactions are coded as “G” with the description “Bona fide gift.”"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
pecuniary interest financial
"Mr. Oklak ... no longer has any pecuniary interest in these shares."
donor-advised fund financial
"Reflects the gift of common stock to a charitable donor-advised fund."
A donor-advised fund is a charitable giving account that lets an individual or family deposit cash, stock, or other assets now, get an immediate tax benefit, and then recommend grants to charities over time. Think of it like a private charitable bucket you control without running a charity yourself; investors care because it’s a tax-efficient way to give appreciated securities, can change when and how donated shares enter the market, and affects personal and corporate tax planning.
voting and investment power financial
"Mr. Oklak has voting and investment power over the shares held by the Meridian Foundation, Inc."
FAQ
What insider transaction did Tutor Perini (TPC) director Dennis Oklak report?
Dennis D. Oklak reported charitable gifts of Tutor Perini common stock. On June 17, 2026, he made bona fide gifts totaling 12,000 shares, transferring ownership without receiving any sale proceeds or purchase price.