Form 4: Tutor Perini Corp Chairman & CEO Ronald N. Tutor Sells 25,000 Shares
SEC Form 4 Filing
Ronald N. Tutor, Chairman & CEO of Tutor Perini Corp, reports the sale of 25,000 shares of common stock at an average price of $19.4.
Summary
- On June 13, 2024, Ronald N. Tutor, Chairman & CEO of Tutor Perini Corp, sold 25,000 shares of the company's common stock.
- The shares were sold at a weighted average price of $19.4, with individual transaction prices ranging from $19.28 to $19.71.
- Following the transaction, Ronald N. Tutor continues to beneficially own a significant number of shares through various trusts.
- These include 2,387,267 shares held by the Ronald N. Tutor Separate Property Trust, 3,361,940 shares held by the Tutor Marital Property Trust, and 1,533,255 shares held by the Ronald N. Tutor 2018 Dynasty Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sale. No indication of positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, providing transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a key executive could be perceived negatively by some shareholders, potentially leading to short-term price fluctuations.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of the stock sale transaction |
| 06/17/2024 | Date of signature by Attorney-in-Fact |
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