Executive Chairman Ronald Tutor Sells 2.31M Shares for ~$198M in Estate Planning Move
TPC sits 52% above its 52-week low of $57.9.
Summary
Executive Chairman Ronald Tutor sold 2.31 million shares for approximately $198 million as part of his previously disclosed estate planning, with the actual sales exceeding the 1.5 million shares noticed in a Form 144 filed two days earlier.
Key Events · Ownership and Investor Activity · TPC
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2.31M Shares Sold by Chairman
Ronald Tutor's trusts sold 2,310,000 net shares since March 3, 2026, including 1,500,000 shares by TMPT and 800,000 shares by DT on August 31, 2026.
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Proceeds Approximate $198M
Block trades executed at $85.57 per share for 2.3M shares plus a 10,000 share open market sale at $89.86, totaling approximately $198 million.
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Exceeds Noticed Form 144 Amount
The actual sales of 2.31M shares exceed the 1.5M shares noticed in the Form 144 filed on August 31, 2026, indicating accelerated execution.
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Estate Planning Rationale
Sales are part of Tutor's previously disclosed 18-month estate and tax planning program as he approaches retirement, with stated confidence in company fundamentals.
Analysis · TPC · Real Estate & Construction
Ronald Tutor, Tutor Perini's Executive Chairman, executed net sales of 2,310,000 shares since March 3, 2026, including a 1,500,000 share block trade by the Tutor Marital Property Trust and an 800,000 share block trade by the Dynasty Trust on August 31, 2026. The total proceeds approximate $198 million based on the disclosed prices. This is materially larger than the 1.5 million shares noticed in the Form 144 filed two days earlier, indicating accelerated execution of his previously announced 18-month estate and tax planning sales program. Tutor retains beneficial ownership of 4,344,131 shares (8.2% of outstanding), down from prior levels, and the filing reiterates his stated confidence in the company's business fundamentals.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TPC was trading at $87.78 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $57.90 to $102.30. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.