Form 4: Tutor Perini Corp. CEO Ronald N. Tutor Executes Stock Option and Share Transactions

Ronald N. Tutor, Chairman and CEO of Tutor Perini Corp., exercised stock options and disposed of shares through various transactions on December 19, 2024.

Summary

• Ronald N. Tutor, Chairman and CEO of Tutor Perini Corp., engaged in multiple transactions involving the company's stock on December 19, 2024.
• He acquired 248,199 shares of common stock through the exercise of stock options at a price of $24.05 per share.
• He disposed of 242,012 shares to cover the exercise price and tax liabilities at a price of $25.33 per share.
• Additionally, 9,700 shares were gifted to a charitable organization for no consideration.
• These transactions resulted in a change in the beneficial ownership of shares held by Mr. Tutor through various trusts.
• The transactions also involved the expiration of employee stock options.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative in itself. It reflects standard corporate governance practices.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions are typical for executives who hold stock options and are required to disclose their trades.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the trading activities of the company's CEO.
• The gifting of shares to a charitable organization may have a positive impact on the community.

Key Dates

Keywords

Tutor Perini Corp, Ronald N. Tutor, stock options, share transactions, beneficial ownership, Form 4, insider trading