SCHEDULE: Tutor Perini Corp: Tutor Disposes Shares for Estate Planning

Ronald N. Tutor and associated trusts have disposed of 2,310,000 Tutor Perini Corporation shares as part of estate and tax planning.

Summary

• This filing is an amendment to a Schedule 13D, updating beneficial ownership information for Ronald N. Tutor and related trusts concerning Tutor Perini Corporation common stock.
• Since the last filing on March 3, 2026, the Ronald N. Tutor Separate Property Trust (SPT), Ronald N. Tutor 2018 Dynasty Trust (DT), and Tutor Marital Property Trust (TMPT) have disposed of a net of 2,310,000 shares of common stock.
• Ronald N. Tutor, Executive Chairman, intends to sell some or all of his shares over the next 18 months for estate and tax planning as he approaches retirement.
• Mr. Tutor expressed high confidence in the company's business, leadership, backlog, bidding opportunities, cash position, and outlook for revenue and earnings growth in 2026 and beyond.
• As of August 31, 2026, the total outstanding shares of common stock are 52,569,117, with an additional 274,432 shares subject to stock options exercisable within 60 days.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership and stock dispositions for estate planning purposes, with no new material financial or strategic information.

Positives

• Ronald N. Tutor maintains high confidence in Tutor Perini Corporation's business, leadership, backlog, bidding opportunities, and cash position.
• Positive outlook for revenue and earnings growth in 2026 and beyond is noted.
• Expected future operating cash generation is anticipated.

Negatives

• A net disposition of 2,310,000 shares of common stock by trusts associated with Ronald N. Tutor has occurred.
• The dispositions are part of Mr. Tutor's estate and tax planning as he approaches retirement, indicating a reduction in his direct beneficial ownership.

Risks

• Potential for further share sales by Mr. Tutor over the next 18 months as part of his estate and tax planning.
• While Mr. Tutor expresses confidence, significant share dispositions by a key executive could be perceived negatively by the market.

Future Outlook

Mr. Tutor has a high degree of confidence in the company's future, citing its leadership, backlog, bidding opportunities, cash position, and expected revenue and earnings growth in 2026 and beyond, along with anticipated future operating cash generation.

Management Comments

• Ronald N. Tutor informed the Company that he intends to make sales of some or all of his shares over the next 18 months as part of his overall estate and tax planning as he approaches retirement.
• Mr. Tutor noted that such sales are solely for personal reasons and he has a high degree of confidence in the business and future of the Company based on its leadership, backlog, bidding opportunities, cash position, as well as its outlook for revenue and earnings growth in 2026 and beyond, and expected future operating cash generation.

Industry Context

StockSavvy.ai notes that significant share dispositions by a founder or executive chairman, even if for personal planning, can sometimes create market uncertainty, though Mr. Tutor's stated confidence in the company's outlook is a mitigating factor.

Stakeholder Impact

• Shareholders may observe a reduction in Ronald N. Tutor's direct beneficial ownership, potentially impacting market perception.
• The stated confidence in the company's future by Mr. Tutor may provide some reassurance to stakeholders regarding ongoing operations and growth prospects.

Next Steps

• Ronald N. Tutor may continue to sell shares over the next 18 months as part of his estate and tax planning.

Key Dates

Recommendation

The filing primarily details stock dispositions for estate planning by a key executive, with no new financial performance data or strategic shifts. While the dispositions themselves are a negative, the executive's stated confidence in the company's future and positive outlook for 2026 and beyond, coupled with the lack of other material negative news, suggests a 'hold' recommendation pending further operational updates.

Keywords

Tutor Perini Corporation, Schedule 13D, Beneficial Ownership, Stock Disposition, Estate Planning, Ronald N. Tutor, Trusts