Form 4: Tutor Perini Director Dennis D. Oklak Receives Stock as Compensation

Director Dennis D. Oklak received 7,659 shares of Tutor Perini Corp. stock as part of his 2024 Board of Directors annual retainer fee.

Summary

• On May 22, 2024, Dennis D. Oklak, a director of Tutor Perini Corporation, acquired 7,659 shares of common stock as partial compensation for his 2024 Board of Directors annual retainer fee.
• The shares were acquired at a price of $0.00 per share.
• Following the transaction, Oklak directly owns 98,684 shares of Tutor Perini Corp.
• Oklak has granted a limited power of attorney to several individuals to handle Section 16(a) filings related to his holdings in Tutor Perini Corporation.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of director compensation. The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director increasing their stake in the company.

Key Dates