This cluster reflects routine post-vesting activity, not negative sentiment. Traders should not interpret this as bearish unless followed by open-market selling. Monitor for future Form 4s showing 'S' transactions.
Price Chart
Executive Summary
Ronald N. Tutor, a director of Tutor Perini Corp, conducted a series of non-cash derivative exercises and share dispositions to the issuer over the past week, resulting in the sale of 308,441 shares for $21.1 million. The transactions appear to be part of a pre-arranged tax and compensation settlement involving option exercises and share surrender, not open-market selling. This is a routine post-exercise disposition, not a discretionary sell-off.
Key Financial Metrics
Key Facts
- Director Ronald N. Tutor exercised options for 463,950 shares (total across multiple transactions) at $0 strike price.
- He disposed of 308,441 shares to the issuer at prices between $67.76 and $69.20, totaling $21.1 million in value.
- All dispositions were 'D' (to issuer) transactions, not open-market sales (S), indicating tax or settlement activity.
- No open-market selling (S) occurred; all cash value came from non-cash transactions (M, D, A).
- Total value of dispositions represents ~0.57% of TPC's $3.7B market cap — modest but not unusual for a large insider transaction.
Financial Impact
$21.1 million in share dispositions to issuer, non-cash derivative settlements
Risk Factors
- Perception risk: Large headline dollar value may be misinterpreted as insider selling.
- Dilution: The grant and exercise of 463,950 shares could slightly increase share count if newly issued.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (7 trades, 7d window) | cluster-TPC-1773444001996 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 8-K | $83.26 | awaiting T+20 | — | $80.81 (−2.94%) |
Sep 30, 2026 28d ago | GOVT-CONTRACT | $83.26 | awaiting T+20 | — | $80.81 (−2.94%) |
Sep 11, 2026 6w ago | GOVT-CONTRACT | $84.51 $83.49 | ▼ −1.21% | ▼ −3.72% | $80.81 (−4.38%) |
Sep 2, 2026 7w ago | Insider Cluster | $87.32 $86.73 | ▲ +0.68% | ▲ +0.47% | $80.81 (+7.46%) |
Sep 2, 2026 8w ago | GOVT-CONTRACT | $87.32 $86.73 | ▼ −0.68% | ▼ −0.22% | $80.81 (−7.46%) |
Aug 13, 2026 10w ago | GOVT-CONTRACT | $96.82 $84.51 | ▼ −12.71% | ▼ −10.72% | $80.81 (−16.54%) |
Jul 6, 2026 16w ago | 8-K | $79.91 $83.75 | ▲ +4.81% | ▲ +5.37% | $80.81 (+1.13%) |
May 26, 2026 22w ago | 8-K | $74.47 $81.56 | ▲ +9.52% | ▲ +11.42% | $80.81 (+8.51%) |
May 12, 2026 24w ago | GOVT-CONTRACT | $80.50 $73.54 | ▼ −8.65% | ▼ −8.03% | $80.81 (+0.39%) |
May 8, 2026 24w ago | GOVT-CONTRACT | $82.64 $71.41 | ▼ −13.59% | ▼ −13.29% | $80.81 (−2.22%) |
US Market Status
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