Was Robert C. Lieber’s TUTOR PERINI CORP (TPC) share sale a single trade or multiple trades?

The sale was executed as multiple trades, not a single transaction. The Form 4 notes a weighted average price, with individual trade prices ranging from $74.25 to $74.30, and offers full trade detail upon request.

Tutor Perini (TPC) director sells 10,000 shares and receives grant

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Tutor Perini director Robert C. Lieber reported mixed share activity. On May 19, 2026, he sold 10,000 shares of common stock in open-market transactions at a weighted average price of $74.25 per share, with individual trades ranging from $74.25 to $74.30. Following this sale, he held 164,573 shares directly. On May 20, 2026, he received a grant of 2,337 shares at no cost as partial compensation for his 2026 Board of Directors annual retainer fee, bringing his direct holdings to 166,910 shares. The net effect is a modest reduction in his overall position, primarily driven by the open-market sale.

Insider Trade Summary

Net Seller: 10,000 shares ($742,500)

Net Sell 2 txns

Insider Lieber Robert C

Role null

Sold 10,000 shs ($743K)

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,337	$0.00	--
Sale	Common Stock	10,000	$74.25	$743K

Holdings After Transaction: Common Stock — 166,910 shares (Direct, null)

Footnotes (1)

The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.25 to $74.30, 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. Represents shares of common stock issued to the reporting person as partial compensation for 2026 Board of Directors annual retainer fee.

Key Figures

Open-market sale: 10,000 shares Weighted average sale price: $74.25 per share Sale price range: $74.25–$74.30 per share +4 more

7 metrics

Open-market sale 10,000 shares Common Stock sold on May 19, 2026

Weighted average sale price $74.25 per share Sale price for 10,000 shares on May 19, 2026

Sale price range $74.25–$74.30 per share Range for multiple sale transactions

Share grant 2,337 shares Common Stock issued May 20, 2026 as 2026 Board retainer

Holdings after sale 164,573 shares Direct holdings after May 19, 2026 sale

Final holdings 166,910 shares Direct holdings after May 20, 2026 grant

Net share change -10,000 shares Net buy/sell shares across reported transactions

Key Terms

weighted average price, open-market sale, annual retainer fee, Form 4

4 terms

weighted average price financial

"The price reported on Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

annual retainer fee financial

"partial compensation for 2026 Board of Directors annual retainer fee"

Form 4 regulatory

"within the range set forth in the footnote to this Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 05:03 PM

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^*

Lieber Robert C

(Last)

(First)

(Middle)

C/O TUTOR PERINI CORPORATION

15901 OLDEN STREET

(Street)

SYLMAR

CALIFORNIA

91342

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/19/2026		S		10,000	D	$74.25⁽¹⁾	164,573	D
Common Stock	05/20/2026		A		2,337⁽²⁾	A	$0	166,910	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $74.25 to $74.30, 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. Represents shares of common stock issued to the reporting person as partial compensation for 2026 Board of Directors annual retainer fee.

Remarks:

	/s/ Ifigenia Protopappas, Attorney-in-Fact	05/21/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TUTOR PERINI CORP (TPC) director Robert C. Lieber report?

Robert C. Lieber reported a sale of 10,000 Tutor Perini common shares and a grant of 2,337 shares. The sale was open-market, while the grant was part of his 2026 Board retainer compensation, leaving him with 166,910 shares directly held.

How many TUTOR PERINI CORP (TPC) shares did Robert C. Lieber sell and at what price?

He sold 10,000 Tutor Perini common shares at a weighted average price of $74.25. The shares were sold in multiple transactions at prices ranging from $74.25 to $74.30, as disclosed in the Form 4 footnote.

What new TUTOR PERINI CORP (TPC) shares did Robert C. Lieber receive as compensation?

He received 2,337 shares of Tutor Perini common stock at no cost. The filing states these shares were issued as partial compensation for his 2026 Board of Directors annual retainer fee, increasing his direct holdings after the grant.

What are Robert C. Lieber’s TUTOR PERINI CORP (TPC) holdings after these transactions?

After the reported sale and subsequent share grant, Robert C. Lieber directly holds 166,910 Tutor Perini common shares. This figure reflects both the 10,000-share sale and the 2,337-share grant disclosed in the Form 4 filing.

Did the TUTOR PERINI CORP (TPC) Form 4 mention any trading plan for Robert C. Lieber’s sale?

The provided Form 4 excerpt does not reference a Rule 10b5-1 trading plan. It only describes the sale as open-market transactions with a weighted average price and a stated trading range for the executed shares.