[Form 4] Tutor Perini Corporation Insider Trading Activity

Rhea-AI Filing Summary

Tutor Perini Corporation (TPC) director and 10% owner Ronald N. Tutor reported multiple open-market sales of common stock between 08/22/2025 and 08/26/2025. The filings list four reported disposals totaling 275,028 shares sold at weighted-average prices in the range of approximately $58.33 to $59.53, with reported weighted-average prices shown as $58.65, $59.18, $59.19 and $59.06 for each trade group. The Form 4 shows continued substantial indirect holdings across several trusts, including amounts reported as 4,395,957 and 1,533,255 shares held indirectly by Tutor-affiliated trusts. The Form 4 is signed by an attorney-in-fact and includes footnotes disclosing price ranges for the multiple transactions.

Positive

• Timely and detailed disclosure of multiple insider sales with weighted-average prices and footnote price ranges
• Substantial retained ownership shown: indirect holdings include 4,395,957 and 1,533,255 shares reported under Tutor-affiliated trusts

Negative

• Insider sales totaling 275,028 shares across 08/22/2025–08/26/2025, which increases available supply in the market
• Sales executed over multiple days at weighted-average prices between roughly $58.33 and $59.53, indicating notable insider liquidity events

Insights

Financial Analyst

TL;DR: Director Ronald N. Tutor executed multiple open-market sales totaling 275,028 shares at ~ $58–$59, while retaining multi-million-share indirect holdings.

The reported disposals are significant in absolute share count but must be viewed against the director's retained indirect stakes disclosed on the form. Sales occurred across four transaction dates with weighted-average prices provided and footnoted price ranges. From a liquidity and supply perspective, these clustered transactions over a single week could increase available free float temporarily, but the filing contains no attribution of purpose or pledging. The Form 4 adheres to Section 16 reporting conventions and provides price-range footnotes for transparency.

Corporate Governance Expert

TL;DR: Multiple insider sales reported promptly with detailed price ranges; significant ownership is retained via several trusts.

The filing demonstrates compliance with Section 16 reporting: transactions are disclosed with transaction codes, weighted-average prices and explanatory footnotes. The reporting person remains a director and 10% owner and continues to hold large indirect positions across named trusts. There is no indication of derivative activity or change in control. The disclosure by attorney-in-fact is properly executed. These facts are governance-relevant but do not alone imply governance or control changes.

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^*

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)
08/22/2025

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	08/22/2025		S		80,000	D	$58.65(1)	791,477	I	By Ronald N. Tutor Separate Property Trust
Common Stock	08/25/2025		S		20,000	D	$59.18(2)	771,477	I	By Ronald N. Tutor Separate Property Trust
Common Stock	08/25/2025		S		68,196	D	$59.19(3)	4,502,789	I	By Tutor Marital Property Trust
Common Stock	08/26/2025		S		106,832	D	$59.06(4)	4,395,957	I	By Tutor Marital 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 $58.33 to $59.16, 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 $59.00 to $59.53, 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 $59.00 to $59.40, 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.

4. The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.00 to $59.26, 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	08/26/2025
	** 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 shares did Ronald N. Tutor sell according to the Form 4 for TPC?

The Form 4 reports four disposals on 08/22/2025, 08/25/2025 and 08/26/2025 totaling 275,028 shares of Tutor Perini common stock.

At what prices were the TPC insider shares sold?

The filing shows weighted-average prices of $58.65, $59.18, $59.19 and $59.06, with footnoted transaction price ranges from about $58.33 to $59.53.

How much TPC stock does Ronald N. Tutor still beneficially own after these transactions?

The Form 4 lists significant indirect holdings, including entries showing 4,395,957 and 1,533,255 shares held by Tutor-affiliated trusts; other intermediate balances are also reported on the form.

Who signed the Form 4 filing for Ronald N. Tutor?

The Form 4 is signed by Ifigenia Protopappas, Attorney-in-Fact on 08/26/2025.

Does the Form 4 report any derivative transactions for TPC by this reporting person?

No derivative securities are reported in Table II; the filing only discloses non-derivative common stock disposals in Table I.