Form 4: Tutor Perini Director Gifts Shares to Family Foundation

Tutor Perini Director Dennis D. Oklak gifted 1,250 shares of common stock to his family's non-profit foundation.

Summary

• Dennis D. Oklak, a Director of Tutor Perini Corp (TPC), disposed of 1,250 shares of common stock.
• The transaction occurred on December 15, 2025, and was categorized as a gift (Transaction Code G).
• The shares were gifted to the Meridian Foundation, Inc., which is Mr. Oklak's family non-profit foundation.
• Mr. Oklak retains voting and investment power over the gifted shares but no longer holds a personal pecuniary interest in them.
• Following this transaction, Mr. Oklak directly beneficially owns 93,151 shares of Tutor Perini common stock.

Sentiment

Score: 6

Explanation: The transaction is a personal philanthropic gift by a director, which is generally neutral for the company but can be seen as a positive signal of community involvement. The director retains voting and investment power over the shares, maintaining a level of influence.

Positives

• The transaction represents a philanthropic act by a company director.
• Mr. Oklak retains voting and investment power over the gifted shares, indicating continued influence over these shares.

Negatives

• Mr. Oklak's direct personal pecuniary interest in 1,250 shares of Tutor Perini common stock has been reduced.

Related Party Transactions

• Dennis D. Oklak, a Director, gifted 1,250 shares of common stock to the Meridian Foundation, Inc., which is his family non-profit foundation. While he retains voting and investment power, he no longer has a personal pecuniary interest in these shares.

Stakeholder Impact

• Minimal direct impact on shareholders, as the shares remain under the director's voting and investment control, albeit through a foundation.
• Potential positive perception for the company due to a director's philanthropic activity.

Key Dates

Keywords

Tutor Perini, TPC, Dennis Oklak, Form 4, Insider Transaction, Stock Gift, Director, Meridian Foundation