Form 4: Tutor Perini Corp President Gary G. Smalley Sells Shares in Multiple Transactions
SEC Form 4
Gary G. Smalley, President of Tutor Perini Corporation, sold a significant number of company shares over three days in March 2024.
Summary
- Gary G. Smalley, the President of Tutor Perini Corporation, sold shares of common stock in a series of transactions from March 18 to March 20, 2024.
- On March 18, 2024, he sold 27,958 shares at a weighted average price of $12.86.
- On March 19, 2024, he sold 27,959 shares at a weighted average price of $13.02.
- On March 20, 2024, he sold 15,940 shares at a weighted average price of $13.28.
- Following these transactions, Mr. Smalley directly owns 68,346 shares of Tutor Perini Corp common stock.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative. Insider selling can sometimes be perceived negatively by investors, but without further context, it's difficult to assess the true impact.
Industry Context
Insider selling can be interpreted in various ways by the market. It could be due to personal financial planning, diversification, or a change in sentiment regarding the company's future prospects. Without additional context, it's difficult to determine the specific reason for these sales.
Stakeholder Impact
- Shareholders may react to the news of insider selling, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Gary G. Smalley sold 27,958 shares of Tutor Perini Corp stock at an average price of $12.86. |
| 03/19/2024 | Gary G. Smalley sold 27,959 shares of Tutor Perini Corp stock at an average price of $13.02. |
| 03/20/2024 | Gary G. Smalley sold 15,940 shares of Tutor Perini Corp stock at an average price of $13.28. |
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