Form 4: Tutor Perini Director Peter Arkley Receives Shares as Compensation
SEC Form 4 Filing
Director Peter Arkley received 7,659 shares of Tutor Perini Corp. as part of his 2024 Board of Directors annual retainer fee.
Summary
- Peter Arkley, a director of Tutor Perini Corporation, received 7,659 shares of common stock on May 22, 2024.
- These shares were issued as partial compensation for his 2024 Board of Directors annual retainer fee.
- Following this transaction, Arkley directly owns 147,316 shares of Tutor Perini Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction of stock compensation to a director. It doesn't indicate any significant positive or negative implications for the company.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Directors receiving stock as compensation is a common practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Peter Arkley acquired 7,659 shares of Tutor Perini Corp. |
| 05/24/2024 | Date of signature for the Form 4 filing. |
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