Ronald N. Tutor, Chairman and CEO of Tutor Perini Corporation (TPC), has filed 51 Form 4 transactions over the past year, all in a single company. The pattern is overwhelmingly one-sided: he has not made a single open-market purchase, while his open-market sales total roughly $276.2 million. The most recent activity, on August 31, 2026, shows three separate sales worth $68.5 million, $128.4 million, and $898,600, respectively. That single day accounts for more than $197 million in disposals.
The selling has been steady throughout the period. Between June and September 2025, Tutor executed at least ten open-market sales, ranging from about $1.18 million to $6.31 million per transaction. A September 18, 2025 sale brought in $5.4 million, and the pace continued into 2026. The August 2026 transactions dwarf those earlier figures, suggesting a significant acceleration in the size of his disposals.
Beyond the open-market sales, Tutor's filings include a mix of automatic and non-discretionary events. He received stock awards (code A) in March 2026, exercised options (code M) with no cash value, and had shares withheld to cover taxes (code F) worth $5.4 million. He also made two sales back to the issuer (code D) in March 2026, totaling roughly $21.1 million, and made gifts (code G) with no monetary value. His total acquired value from exercises and awards was $2.75 million, a fraction of the cash he has taken out through sales. The data shows a clear and sustained selling bias, with no purchases to offset it.
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