TPC.NYSETutor Perini CORP

Form 4: Tutor Perini Corp Chairman & CEO Ronald N. Tutor Sells Shares

Sentiment:

SEC Filing (Form 4)

📋All filings for Tutor Perini CORP
🔒Login to Follow

Ronald N. Tutor, Chairman and CEO of Tutor Perini Corp, sold shares of the company's common stock on June 6th and 7th, 2024.

Summary

  • Ronald N. Tutor, Chairman and CEO of Tutor Perini Corp, reported the sale of company stock.
  • On June 6, 2024, 25,718 shares were sold at a weighted average price of $20.66.
  • On June 7, 2024, 49,282 shares were sold at a weighted average price of $19.91.
  • The sales were executed under Rule 10b5-1(c).
  • Following these transactions, Ronald N. Tutor indirectly owns 3,361,940 shares through the Tutor Marital Property Trust, 2,412,267 shares through the Ronald N. Tutor Separate Property Trust and 1,533,255 shares through the Ronald N. Tutor 2018 Dynasty Trust.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the document only reports stock sales, insider selling can sometimes be interpreted negatively by the market, although sales under 10b5-1 plans are less concerning.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, such as officers and directors, trade their company's stock; these filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

  • Shareholders may react to the news of insider selling, although the impact may be mitigated by the pre-planned nature of the transactions.

Key Dates

DateDescription
06/06/2024Sale of 25,718 shares of common stock at a weighted average price of $20.66.
06/07/2024Sale of 49,282 shares of common stock at a weighted average price of $19.91.
06/10/2024Date of signature for the Power of Attorney document.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.