Form 4: Tutor Perini Director Dennis Oklak Gifts 8,684 Shares to Family Foundation

Tutor Perini director Dennis Oklak gifted 8,684 common shares to his family's non-profit foundation, the Meridian Foundation, Inc.

Summary

• Dennis Oklak, a director at Tutor Perini Corp, gifted 8,684 shares of common stock to the Meridian Foundation, Inc., his family's non-profit foundation.
• The transaction occurred on December 5, 2024.
• The shares were transferred as a gift and not sold.
• Although Mr. Oklak has voting and investment power over the shares held by the Meridian Foundation, Inc., he no longer has a personal financial interest in these shares.
• Following the transaction, Mr. Oklak still beneficially owns 90,000 shares of Tutor Perini Corp.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it is a standard regulatory filing for a share transfer. There is no indication of positive or negative sentiment.

Positives

• The gifting of shares to a non-profit foundation could be viewed positively from a social responsibility perspective.

Industry Context

This is a standard Form 4 filing related to an insider transaction, which is common for publicly traded companies. It does not indicate any specific trend in the construction industry.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for all publicly traded companies in the US.
• The gifting of shares by an executive to a non-profit is not uncommon, and is often part of personal financial planning.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares and not a sale.

Key Dates

Keywords

Tutor Perini, Dennis Oklak, Meridian Foundation, share gifting, insider transaction, Form 4, beneficial ownership