[Form 4] TUTOR PERINI CORP Insider Trading Activity

Rhea-AI Filing Summary

Ronald N. Tutor, Executive Chairman and reported 10% owner of Tutor Perini Corporation (TPC), reported multiple dispositions of common stock on 09/17/2025 and 09/18/2025. The Form 4 shows sales of 77,819 shares, 39,037 shares and 83,144 shares (totaling 200,000 shares sold) and a separate gift of 8,000 shares to a charitable organization. Reported sale prices are given as weighted averages within ranges: $63.50–$64.48, $64.49–$64.87 and $64.49–$65.35. After the transactions the filing lists indirect holdings through trusts of 4,062,985 shares (Tutor Marital Property Trust) plus additional indirect holdings of 771,477 and 1,533,255 shares in other trusts as reported.

Positive

• Complete disclosure of multiple transactions with weighted average price ranges and explanatory footnotes
• Charitable gift of 8,000 shares disclosed, showing a non-sale disposition for philanthropy
• Continued substantial indirect ownership through multiple trusts despite the disposals

Negative

• Material insider selling: a total of 200,000 shares were sold by a 10% owner over two days
• Reduction in indirect holdings of the reporting person (Tutor Marital Property Trust decreased to 4,062,985 shares after transactions)

Insights

Financial Analyst

TL;DR: A material insider sale of 200,000 shares was reported by a 10% owner; observe size and timing relative to typical trading volumes.

The filing documents aggregate dispositions of 200,000 common shares over two days at weighted-average prices in the mid-$60 range and an 8,000-share charitable gift. For a 10% holder and executive chairman, such sales can be liquidity-driven and are quantifiable here: the Form 4 provides explicit share counts and weighted price ranges. The report also enumerates substantial indirect holdings across three trusts, reflecting continued concentrated ownership despite the disposals.

Corporate Governance Expert

TL;DR: Insider sales by a major shareholder are material governance events; disclosure appears complete and consistent with Section 16 reporting.

The Form 4 clearly identifies the reporting person as a director and 10% owner and discloses multiple sales and a charitable gift with explanatory footnotes providing weighted price ranges. The filing is signed by an attorney-in-fact and lists indirect ownership through named trusts. From a governance perspective, the transaction is significant because it reduces indirect holdings and should be monitored for any related pattern of insider liquidity or structural changes in ownership.

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

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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^*

TUTOR RONALD N

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

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		77,819	D	$64.03(1)	4,193,166	I	By Tutor Marital Property Trust
Common Stock	09/17/2025		S		39,037	D	$64.56(2)	4,154,129	I	By Tutor Marital Property Trust
Common Stock	09/17/2025		G(3)		8,000	D	$0	4,146,129	I	By Tutor Marital Property Trust
Common Stock	09/18/2025		S		83,144	D	$64.94(4)	4,062,985	I	By Tutor Marital Property Trust
Common Stock								771,477	I	By Ronald N. Tutor Separate Property Trust
Common Stock								1,533,255	I	By Ronald N. Tutor 2018 Dynasty Trust

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 $63.50 to $64.48, 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 $64.49 to $64.87, 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 shares were gifted to a charitable organization for no consideration.

4. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.49 to $65.35, 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.
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.

FAQ

What transactions did Ronald N. Tutor report on the TPC Form 4?

He reported sales totaling 200,000 shares across 09/17/2025 and 09/18/2025 and a gift of 8,000 shares to charity.

At what prices were the Tutor Perini (TPC) shares sold by Ronald N. Tutor?

Weighted-average sale price ranges were disclosed in footnotes: $63.50–$64.48, $64.49–$64.87, and $64.49–$65.35 for the respective sale batches.

How much indirect ownership does the filing report after these transactions?

Indirect holdings reported include 4,062,985 shares771,477 and 1,533,255 shares in two other trusts as listed.

What is the reporting person’s relationship to Tutor Perini?

Ronald N. Tutor is reported as Executive Chairman, a Director, and a 10% owner of Tutor Perini Corporation.

When was the Form 4 signed and filed?

The filing was signed by an attorney-in-fact on 09/19/2025 as shown on the form.