Form 4: Tutor Perini CEO Ronald Tutor Sells 50,000 Shares

Ronald N. Tutor, Chairman and CEO of Tutor Perini Corporation, sold 50,000 shares of common stock at an average price of $11.86 on March 1, 2024.

Summary

• On March 1, 2024, Ronald N. Tutor, the Chairman and CEO of Tutor Perini Corporation, sold 50,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $11.86 per share.
• The prices for individual transactions ranged from $11.82 to $11.98.
• Following the transaction, Mr. Tutor continues to beneficially own a significant number of shares through various trusts.
• These include 3,236,940 shares held by the Tutor Marital Property Trust, 2,412,267 shares held by the Ronald N. Tutor Separate Property Trust, and 1,533,255 shares held by the Ronald N. Tutor 2009 Dynasty Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the sale of shares by the CEO could be perceived neutrally or slightly negatively by some investors.

Industry Context

Insider sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's future prospects. However, they can be driven by a variety of personal financial planning reasons and do not necessarily indicate a negative outlook.

Stakeholder Impact

• Shareholders may react to the news of the CEO's stock sale, potentially influencing the stock price in the short term.

Key Dates