TPC Director Sells 125,000 Shares; Ownership Falls to 187,274

Tutor Perini Corp (TPC) director Sidney J. Feltenstein reported insider sales totaling 125,000 shares across transactions on 09/17/2025 and 09/18/2025, at weighted-average prices in the ranges disclosed on the form.

Rhea-AI Filing Summary

Tutor Perini Corp (TPC) director Sidney J. Feltenstein reported insider sales totaling 125,000 shares across transactions on 09/17/2025 and 09/18/2025, at weighted-average prices in the ranges disclosed on the form. After the reported sales the director beneficially owned 187,274 shares of common stock, held directly. The Form 4 shows only non-derivative transactions (open-market sales) with weighted-average prices reported and accompanying footnotes disclosing the price ranges for the multiple trades. No derivative securities were reported on Table II.

Positive

• Full disclosure of weighted-average pricing with footnotes committing to provide per-trade details on request
• No derivative securities reported; all transactions are non-derivative open-market sales

Negative

• Insider sold a total of 125,000 shares, reducing direct beneficial ownership to 187,274 shares
• Concentration reduction by a director could be viewed as a noteworthy decrease in insider holdings

Insights

Financial Analyst

TL;DR: A director sold 125,000 shares, reducing direct holdings to 187,274; transactions were disclosed as weighted-average sales.

The reported sales are straightforward open-market dispositions totaling 125,000 shares executed at weighted-average prices with per-trade price ranges disclosed in footnotes. These are non-derivative transactions and the filer maintains direct ownership of 187,274 shares post-sales. For investors, the filing provides transparent execution detail via weighted-average pricing and commitments to provide per-trade breakdowns on request.

Corporate Governance Expert

TL;DR: Director-level insider reported multiple open-market sales with full footnote disclosure of price ranges; governance disclosure appears complete.

The Form 4 indicates timely reporting of Section 16 transactions by a director and includes explanatory footnotes about weighted-average pricing and availability of detailed trade-level information. No amendments, derivative holdings, or joint filings are indicated. From a compliance and governance perspective, the disclosure meets the filing's descriptive requirements without additional qualifiers in the document.

Insider Trade Summary

Net Seller: 125,000 shares

Net Sell 3 txns

Insider FELTENSTEIN SIDNEY J

Role Director

Sold 125,000 shs ($8.24M)

Type	Security	Shares	Price	Value
Sale	Common Stock	43,981	$65.48	$2.88M
Sale	Common Stock	80,687	$66.22	$5.34M
Sale	Common Stock	332	$65.00	$22K

Holdings After Transaction: Common Stock — 187,274 shares (Direct)

Footnotes (3)

1. F1. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.02, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.
2. F2. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.98, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.
3. F3. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.00 to $66.58, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Sidney J. Feltenstein sell in the reported Form 4 for TPC?

The Form 4 reports sales totaling 125,000 shares across transactions dated 09/17/2025 and 09/18/2025.

What was the director's beneficial ownership of TPC after the reported transactions?

After the reported sales the director beneficially owned 187,274 shares of common stock, held directly.

Were any derivative securities (options, warrants) reported in this Form 4 for TPC?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

What prices were the shares sold at according to the Form 4?

The filing reports weighted-average prices and footnotes disclose price ranges: $65.00–$65.02, $65.00–$65.98, and $66.00–$66.58 for the respective sales.

Who signed the Form 4 on behalf of the reporting person?

The form was signed by Ifigenia Protopappas, Attorney-in-Fact on behalf of the reporting person.

What relationship does the reporting person have to Tutor Perini Corporation?

The reporting person, Sidney J. Feltenstein, is identified as a Director of Tutor Perini Corporation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 09/19/2025 - 08:02 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FELTENSTEIN SIDNEY J

(Last) (First) (Middle)

C/O TUTOR PERINI CORPORATION

15901 OLDEN STREET

(Street)

SYLMAR CA 91342

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TUTOR PERINI CORP [ TPC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/17/2025		S		332	D	$65(1)	311,942	D
Common Stock	09/18/2025		S		43,981	D	$65.48(2)	267,961	D
Common Stock	09/18/2025		S		80,687	D	$66.22(3)	187,274	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.02, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.

2. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.98, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.

3. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.00 to $66.58, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the footnote to this Form 4.

Remarks:

	/s/ Ifigenia Protopappas, Attorney-in-Fact	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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