Form 4: Tutor Perini CEO Gifts Shares to Charity

Tutor Perini CEO and President Gary G. Smalley reported gifting 36,596 shares of common stock to a charitable donor-advised fund.

Summary

• Gary G. Smalley, who serves as Director, CEO, and President of Tutor Perini Corporation (TPC), reported a transaction involving the company's common stock.
• The transaction, dated November 28, 2025, involved the disposition of 36,596 shares of common stock.
• The shares were gifted to a charitable donor-advised fund, with a reported price of $0 per share.
• This transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this reported transaction, Mr. Smalley beneficially owns 81,479 shares of Tutor Perini common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a personal charitable gift by a key executive, which is a neutral event regarding the company's operational or financial performance. While it reduces insider ownership, it is not a sale for personal gain and was pre-planned.

Positives

• The gift to a charitable donor-advised fund demonstrates philanthropic activity by a key executive.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating it was pre-arranged and not based on immediate insider information.

Negatives

• The transaction represents a disposition of 36,596 shares of common stock by a key executive, reducing his direct beneficial ownership.

Related Party Transactions

• The gift of common stock was made to a charitable donor-advised fund.

Stakeholder Impact

• Shareholders: A slight reduction in direct insider ownership, generally viewed as a neutral event given the charitable nature and pre-planned execution.
• Charitable Organizations: The recipient donor-advised fund benefits from the gift.

Key Dates

Keywords

Tutor Perini Corporation, TPC, Gary G. Smalley, Insider Transaction, Form 4, Common Stock, Charitable Gift, CEO, Director, Beneficial Ownership, Rule 10b5-1