Tutor N. Ronald Trusts Amend Tutor Perini Stake

TL;DR

Ronald N. Tutor's trusts updated their stake in Tutor Perini Corp. - watch for changes.

AI Summary

Ronald N. Tutor, through various trusts including the 2018 Dynasty Trust and the Marital Property Trust, has amended their Schedule 13D filing for Tutor Perini Corporation as of November 13, 2024. This filing indicates a change in beneficial ownership of the company's common stock.

Why It Matters

This filing is significant as it pertains to the beneficial ownership of a major shareholder in Tutor Perini Corporation, potentially signaling shifts in control or strategy.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by a significant stakeholder can lead to shifts in company control or strategic direction, impacting stock price.

Key Players & Entities

• Ronald N. Tutor (person) — Filing party and beneficial owner
• Tutor Perini Corporation (company) — Subject company
• 2018 Dynasty Trust (company) — Trust holding shares
• Tutor Marital Property Trust (company) — Trust holding shares
• Ronald N. Tutor Separate Property Trust (company) — Trust holding shares

FAQ

Key Financial Figures

• $1.00 — me of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securitie
• $30.80 — Marital Property Trust 1182024 25,000 $30.80 (1) Disposition of Common Stock Ronal
• $30.13 — Separate Property Trust 1182024 12,630 $30.13 (2) Disposition of Common Stock Ronal
• $31.02 — Separate Property Trust 1182024 6,467 $31.02 (3) Disposition of Common Stock Ronal
• $31.85 — Separate Property Trust 1182024 5,903 $31.85 (4) Disposition of Common Stock Tutor
• $30.68 — rital Property Trust 11112024 114,506 $30.68 (5) Disposition of Common Stock Tuto
• $31.14 — arital Property Trust 11112024 10,494 $31.14 (6) Disposition of Common Stock ____
• $30.42 — ple transactions at prices ranging from $30.42 to $31.37, inclusive, as disclosed in t
• $31 — ctions at prices ranging from $30.42 to $31.37, inclusive, as disclosed in the rela
• $29.62 — ple transactions at prices ranging from $29.62 to $30.60, inclusive, as disclosed in t
• $30 — ctions at prices ranging from $29.62 to $30.60, inclusive, as disclosed in the rela
• $30.64 — ple transactions at prices ranging from $30.64 to $31.63, inclusive, as disclosed in t
• $31.64 — ple transactions at prices ranging from $31.64 to $32.02, inclusive, as disclosed in t
• $32 — ctions at prices ranging from $31.64 to $32.02, inclusive, as disclosed in the rela
• $30.08 — ple transactions at prices ranging from $30.08 to $31.07, inclusive, as disclosed in t

Filing Documents

• rntform13d_a22.htm (SC 13D/A) — 147KB
• 0000906134-24-000004.txt ( ) — 149KB

Purpose of Transaction

Item 4. Purpose of Transaction The following information hereby is added to the existing disclosure Between June 12, 2021 and November 11, 2024, the SPT and TMPT disposed of 638,533 net shares of Common Stock beneficially owned by Mr. Tutor. Other than as described in this Schedule 13D, the Reporting Persons do not have any plan or proposal that relates to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Interest in Securities of Issuer

Item 5. Interest in Securities of Issuer

hereby is replaced in its entirety with the following

Item 5 hereby is replaced in its entirety with the following The following information is based on a total of 52,434,803 shares of Common Stock outstanding as of November 11, 2024, plus 522,631 shares that TMPT has the right to acquire upon the exercise of stock options that are currently exercisable or will first become exercisable within 60 days of the date hereof. 6 (a), (b) As of the date hereof, the Reporting Persons may be deemed to have beneficial ownership over shares of Common Stock as set forth below, and each such Reporting Person has shared voting and dispositive power with respect to all shares shown as being beneficially owned by him, except as otherwise indicated. (i) Mr. Tutor may be deemed to have beneficial ownership of 7,675,466 shares of Common Stock, or 14.5%, with respect to which Mr. Tutor has shared voting power and shared dispositive power over 7,675,466 of such shares. Mr. Tutor may be deemed to have beneficial ownership of 2,362,267 shares of Common Stock owned by the SPT and 3,779,944 shares of Common Stock owned by the TMPT, which includes 522,631 stock options that are currently exercisable or will first become exercisable within 60 days of the date hereof. Mr. Tutor is the beneficiary and trustee of the SPT and TMPT. The shares that Mr. Tutor may be deemed to beneficially own also include 1,533,255 shares of Common Stock owned by the DT, of which Mr. Tutor's issue are the beneficiaries. Robert Nida is trustee with sole voting and dispositive power with respect to the Common Stock held by the DT. Mr. Tutor is the trust advisor to the DT, in which position Mr. Tutor has sole discretion to remove and replace the trustee, as well as the sole authority to reacquire or exchange the property of the DT, including the Common Stock, by substituting property of equal value. (ii) The SPT may be deemed to have beneficial ownership of 2,362,267 shares of Common Stock, or 4.5%. Neither the filing of this Schedule 13D nor any of its conten

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated November 13, 2024 RONALD N. TUTOR s Ronald N. Tutor BY RONALD N. TUTOR RONALD N. TUTOR SEPARATE PROPERTY TRUST s Ronald N. Tutor BY RONALD N. TUTOR TRUSTEE RONALD N. TUTOR 2018 DYNASTY TRUST s Ronald N. Tutor BY RONALD N. TUTOR TUTOR MARITAL PROPERTY TRUST s Ronald N. Tutor BY RONALD N. TUTOR TRUSTEE 8 SCHEDULE A The following transactions in Common Stock were effected in the sixty days prior to the filing of this Amendment Party Date of Transactions Number of Shares Price Per Share Nature of Transaction (7) Tutor Marital Property Trust 1182024 25,000 $30.80 (1) Disposition of Common Stock Ronald N. Tutor Separate Property Trust 1182024 12,630 $30.13 (2) Disposition of Common Stock Ronald N. Tutor Separate Property Trust 1182024 6,467 $31.02 (3) Disposition of Common Stock Ronald N. Tutor Separate Property Trust 1182024 5,903 $31.85 (4) Disposition of Common Stock Tutor Marital Property Trust 11112024 114,506 $30.68 (5) Disposition of Common Stock Tutor Marital Property Trust 11112024 10,494 $31.14 (6) Disposition of Common Stock ____________________________________________________________________ (1) Price per share reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.42 to $31.37, inclusive, as disclosed in the related Form 4 filing. (2) Price per share reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.62 to $30.60, inclusive, as disclosed in the related Form 4 filing. (3) Price per share reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.64 to $31.63, inclusive, as disclosed in the related Form 4

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View this SC 13D/A filing on SEC EDGAR