TPC.NYSETutor Perini CORP

Form 4: Tutor Perini Executive Chairman Ronald Tutor Reports Stock Transactions

Sentiment:

SEC Form 4

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Ronald N. Tutor, Executive Chairman of Tutor Perini Corporation, reports transactions involving restricted stock units and common stock.

Summary

  • Ronald N. Tutor, the Executive Chairman of Tutor Perini Corporation, filed a Form 4 detailing changes in beneficial ownership.
  • On March 8, 2025, Tutor converted 176,729 restricted stock units (RSUs) into common stock and disposed of 89,742 shares to cover tax obligations at a price of $26.58.
  • Additionally, 86,987 shares were transferred as a gift.
  • On March 9, 2025, Tutor converted 105,257 RSUs into common stock and disposed of 53,449 shares to cover tax obligations at a price of $26.58.
  • 51,808 shares were also transferred as a gift.
  • Following these transactions, Tutor directly owns 86,987 shares and indirectly owns 3,392,595 shares through the Tutor Marital Property Trust, 2,362,267 shares through the Ronald N. Tutor Separate Property Trust, and 1,533,255 shares through the Ronald N. Tutor 2018 Dynasty Trust.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock transactions, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Key Dates

DateDescription
03/09/2022Reporting person was granted 315,769 RSUs, of which 105,256 vested on each of March 9, 2023 and 2024, and 105,257 vested on March 9, 2025.
03/08/2023Reporting person was granted 530,188 RSUs, of which 176,729 vest on each of March 8, 2024 and 2025, and 176,730 vest on March 8, 2026.
03/08/2025Conversion of 176,729 Restricted Stock Units to Common Stock.
03/08/2025Disposal of 89,742 shares of Common Stock for tax obligations at $26.58.
03/08/2025Gift of 86,987 shares of Common Stock.
03/09/2025Conversion of 105,257 Restricted Stock Units to Common Stock.
03/09/2025Disposal of 53,449 shares of Common Stock for tax obligations at $26.58.
03/09/2025Gift of 51,808 shares of Common Stock.
03/11/2025Date of Form 4 filing.

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