Form 4: Tutor Perini Executive Chairman Ronald N. Tutor Sells 160,000 Shares Amidst Trust Re-allocations

Ronald N. Tutor, Executive Chairman and 10% owner of Tutor Perini Corp (TPC), reported the sale of 160,000 shares of company common stock through a trust, following internal gift transactions.

Summary

• Ronald N. Tutor, who serves as Executive Chairman and is a 10% owner of Tutor Perini Corp (TPC), filed a Form 4 detailing recent transactions in the company's common stock.
• On June 9, 2025, Mr. Tutor engaged in gift transactions (Code G) at a price of $0.00 per share. He disposed of 140,000 shares that were directly held, and following this, the Ronald N. Tutor Separate Property Trust held 871,477 shares indirectly.
• On the same day, the Tutor Marital Property Trust acquired 140,000 shares through a gift, resulting in its indirect holding of 4,730,985 shares.
• Between June 10 and June 11, 2025, Mr. Tutor, through the Tutor Marital Property Trust, sold a total of 160,000 shares of TPC common stock.
• Specifically, on June 10, 2025, 29,522 shares were sold at a weighted average price of $40.51 per share (ranging from $40.50 to $40.59).
• On June 11, 2025, two separate sales occurred: 75,000 shares were sold at a weighted average price of $41.18 per share (ranging from $40.86 to $41.78), and an additional 55,478 shares were sold at a weighted average price of $40.60 per share (ranging from $40.50 to $40.69).
• Following these reported transactions, Ronald N. Tutor beneficially owns a total of 6,975,717 shares indirectly through various trusts: 871,477 shares via Ronald N. Tutor Separate Property Trust, 4,570,985 shares via Tutor Marital Property Trust, and 1,533,255 shares via Ronald N. Tutor 2018 Dynasty Trust.

Sentiment

Score: 3

Explanation: The sentiment is moderately negative due to the significant insider selling by a key executive and major shareholder, which can be perceived as a lack of confidence or a belief that the stock is fully valued. The gift transactions are neutral to slightly positive for estate planning but do not offset the selling signal.

Positives

• The gift transactions on June 9, 2025, at a price of $0.00, indicate internal re-allocation of shares among entities controlled by Mr. Tutor, which can be part of long-term estate planning strategies.

Negatives

• Ronald N. Tutor, a key insider holding positions as Executive Chairman and a 10% owner, sold a significant aggregate of 160,000 shares of company common stock over two trading days.
• Insider selling, particularly by a high-ranking executive and major shareholder, can be perceived negatively by the market as it may suggest a lack of confidence in the company's near-term prospects or that the stock price is considered high.

Future Outlook

Not applicable. This document is an insider transaction report and does not contain forward-looking statements or guidance.

Industry Context

This Form 4 filing provides details on insider stock transactions and does not offer broader industry context or trends.

Related Party Transactions

• The gift transactions on June 9, 2025, involving the disposition of directly held shares and the acquisition by the Tutor Marital Property Trust, as well as the ongoing indirect ownership through Ronald N. Tutor Separate Property Trust and Ronald N. Tutor 2018 Dynasty Trust, represent dealings between the reporting person and entities he controls, which are considered related party transactions for estate planning and beneficial ownership purposes.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to downward pressure on the stock price due to concerns about future performance or valuation.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this insider transaction report.

Key Dates

Recommendation

Keywords

Tutor Perini Corp, TPC, Ronald N. Tutor, Insider Trading, Form 4, SEC Filing, Stock Sale, Executive Chairman, 10% Owner, Beneficial Ownership, Construction, Engineering