Form 4: Tutor Perini Director Oklak Gifts Shares

Tutor Perini Corporation Director Dennis D. Oklak reported a disposition of common stock through gifts to a family foundation and a donor-advised fund.

Summary

• Director Dennis D. Oklak of Tutor Perini Corporation (TPC) reported a disposition of 12,000 shares of common stock on June 17, 2026.
• The disposition was made through gifts, not sales.
• 8,000 shares were gifted to the Meridian Foundation, Inc., a family non-profit foundation.
• 4,000 shares were gifted to a charitable donor-advised fund.
• Following these transactions, Mr. Oklak beneficially owns 87,488 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider dispositions through gifts rather than sales, with no immediate indication of positive or negative financial performance.

Positives

• Director Oklak continues to hold a significant number of shares (87,488) directly.
• The disposition was through gifts to charitable entities, indicating philanthropic activity.

Negatives

• A total of 12,000 shares were transferred out of direct beneficial ownership.

Future Outlook

No specific future outlook or guidance is provided in this filing.

Management Comments

• Regarding the Meridian Foundation gift: 'Mr. Oklak has voting and investment power over the shares held by the Meridian Foundation, Inc., but no longer has any pecuniary interest in these shares.'
• Regarding the charitable donor-advised fund gift: 'Reflects the gift of common stock to a charitable donor-advised fund.'

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. Gifts to foundations and donor-advised funds are common ways for executives and directors to manage their holdings while supporting charitable causes.

Related Party Transactions

• Gift of 8,000 shares to Meridian Foundation, Inc., Mr. Oklak's family non-profit foundation.

Stakeholder Impact

• Shareholders: No direct financial impact from these gifts, as they are not sales. Mr. Oklak retains significant direct ownership.
• Charitable Organizations: Beneficiaries of the gifted shares through the Meridian Foundation and the donor-advised fund.

Key Dates

Keywords

Tutor Perini Corp, TPC, Form 4, Insider Trading, Stock Gift, Beneficial Ownership, Dennis D. Oklak, Director, Meridian Foundation, Charitable Donation