[Form 4] Tutor Perini Corporation Insider Trading Activity

Rhea-AI Filing Summary

Tutor Perini Corporation (TPC) Form 4: The filing reports that Ronald N. Tutor, an executive chairman, director and >10% owner, disposed of 80,660 shares of Tutor Perini common stock on 08/28/2025 at a weighted average price of $59.95 per share. The sale occurred in multiple transactions at prices ranging from $59.51 to $60.40, and the filer offers to provide detailed per-price quantities on request. After the reported sale, the reporting person beneficially owns 4,315,297 shares through multiple trusts and indirect holdings, including the Tutor Marital Property Trust, Ronald N. Tutor Separate Property Trust, and the Ronald N. Tutor 2018 Dynasty Trust.

Positive

• Full compliance with Section 16 reporting rules: transaction, price range and offer to provide per-price quantities are disclosed
• Substantial retained ownership: reporting person still beneficially owns 4,315,297 shares via trusts, preserving influence

Negative

• Insider sale of 80,660 shares on 08/28/2025 at a weighted average price of $59.95
• No stated reason for the disposition is provided in the filing

Insights

Corporate Governance Expert

TL;DR: Insider sale is disclosed and ownership remains large; appears routine rather than governance-red flag.

The Form 4 documents a disclosed open-market sale by a significant insider. The report clarifies the weighted-average sale price range and states continued substantial indirect ownership across multiple trusts totaling 4,315,297 shares. From a governance perspective, the filing meets Section 16 transparency requirements and the reporting person maintains material economic exposure and influence via indirect holdings. No information in the filing indicates policy breaches, accelerations, or unusual timing tied to non-public disclosures.

Financial Analyst

TL;DR: Insider sold 80,660 shares at ~$59.95; remaining holdings remain large, so market-impact risk is limited.

The sale of 80,660 shares at a weighted average of $59.95 is clearly disclosed, with transaction prices spanning $59.51–$60.40. While the sale reduces the reporting person's position modestly, the aggregate beneficial ownership after the sale remains 4,315,297 shares held indirectly through three trusts. The filing does not disclose reasons for the sale, option exercises, or other derivative activity. As reported, the transaction is a routine disclosure without quantifiable effects on company operations or capital structure.

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
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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)
08/28/2025

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	08/28/2025		S		80,660	D	$59.95(1)	4,315,297	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 $59.51 to $60.40, 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/ Ryan J. Soroka, Attorney-in-Fact	09/02/2025
	** 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 transaction does the TPC Form 4 report for Ronald N. Tutor?

The Form 4 reports a disposition of 80,660 shares of Tutor Perini common stock on 08/28/2025.

At what price were the TPC shares sold in the Form 4?

The shares were sold at a weighted average price of $59.95, with individual transaction prices ranging from $59.51 to $60.40.

How many TPC shares does Ronald N. Tutor beneficially own after the sale?

After the reported transaction, the filing shows 4,315,297 shares beneficially owned indirectly through multiple trusts.

Does the Form 4 disclose why the insider sold TPC shares?

No. The filing does not state a reason for the disposition; it only reports the transaction details and price range.

Who signed the Form 4 and when was it signed?

The Form 4 is signed by Ryan J. Soroka, Attorney-in-Fact on 09/02/2025 for the reporting person.