Tutor Perini (TPC) Executive Chairman Sells 44,312 Shares at $59.13
Ronald N. Tutor, Executive Chairman and director of Tutor Perini Corporation (TPC), reported an insider sale.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Ronald N. Tutor, Executive Chairman and director of Tutor Perini Corporation (TPC), reported an insider sale. On 09/03/2025 he sold 44,312 shares of common stock at a weighted-average price of $59.13 per share, with individual trade prices reported in the range of $58.73 to $59.41. The Form 4 shows the reporting person continues to beneficially own shares indirectly through trust vehicles; the filing lists holdings of 4,270,985 shares attributed to the Tutor Marital Property Trust and additional trust positions of 771,477 shares and 1,533,255 shares. The Form 4 was signed by an attorney-in-fact on 09/05/2025.
Positive
- Complete disclosure of the sale including weighted-average price and execution price range
- Reporting person roles identified (Executive Chairman, director, 10% owner) providing context for the transaction
- Beneficial ownership detailed with specific trust vehicles and share amounts listed
Negative
- Insider sale of 44,312 shares may be viewed unfavorably by some investors
- No aggregated reconciliation in the filing that sums all trust holdings into a single total for clarity
Insights
TL;DR: Routine disclosure of an insider sale by a senior executive; details are transparent and fully reported.
The filing documents a straightforward Section 16 sale by a significant shareholder and company insider. The report includes a weighted-average sale price and an explicit price range, and identifies the reporting persons roles as Executive Chairman, director, and 10% owner. The filing also lists multiple trust vehicles as the form of beneficial ownership. From a governance standpoint the Form 4 meets disclosure requirements and provides counterparty parties the required transaction detail without ambiguity.
TL;DR: Materiality appears limited to an insider disposition; no derivative transactions or change in control are disclosed.
The Form 4 reports a sale of 44,312 common shares at a weighted-average price of $59.13 and provides the range of execution prices. The filing does not disclose derivative activity, grants, or acquisitions that would indicate a strategic shift. Reported beneficial ownership is shown via multiple trusts, but the filing does not reconcile aggregate beneficial ownership across all entries beyond listing specific amounts. The disclosure is specific to the sale and maintains compliance with Section 16 reporting standards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 44,312 | $59.13 | $2.62M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.73 to $59.41, 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
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When was the Form 4 signed and by whom?
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