Tutor Perini (TPC) director reports gift of 1,250 shares to foundation
Rhea-AI Filing Summary
Tutor Perini Corporation director Mr. Oklak reported an insider transaction involving the company’s common stock. On 12/15/2025, he gifted 1,250 shares of Tutor Perini common stock, coded as a gift transaction, rather than a sale for cash.
The shares were transferred to the Meridian Foundation, Inc., his family non-profit foundation. He retains voting and investment power over the shares held by the foundation, but no longer has personal pecuniary interest in those gifted shares. After this transaction, he beneficially owns 93,151 shares of Tutor Perini common stock directly.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Tutor Perini (TPC) report in this filing?
The filing reports that director Mr. Oklak gifted 1,250 shares of Tutor Perini common stock on 12/15/2025, coded as a gift transaction rather than a sale.
Who received the 1,250 Tutor Perini (TPC) shares that were transferred?
The 1,250 shares were gifted to the Meridian Foundation, Inc., which is described as Mr. Oklak's family non-profit foundation.
Does the reporting person still benefit financially from the gifted TPC shares?
The filing states that Mr. Oklak has voting and investment power over the shares held by Meridian Foundation, Inc., but no longer has personal pecuniary interest in these gifted shares.
How many Tutor Perini (TPC) shares does the director own after the gift?
Following the reported transaction, Mr. Oklak beneficially owns 93,151 shares of Tutor Perini common stock, held with direct ownership.
What is the relationship of the reporting person to Tutor Perini (TPC)?
The reporting person is identified as a Director of Tutor Perini Corporation, and the filing is made by one reporting person.
Was the Tutor Perini (TPC) transaction reported as a sale for value?
No. The transaction is coded as a gift, with a reported price of $0, indicating a transfer without sale proceeds.