ONEGLIA RAYMOND R

Director Raymond Oneglia sold 100,000 shares (51.3% of holdings) at $36.21–$36.23 avg; stock at 52-week high $36.73

Raymond Oneglia, Director at Tutor Perini, executed 2 separate sales totaling 100,000 shares (100.0K shares) for $3,620,750.00 ($3.6M) on 2025-05-14 and 2025-05-15, reducing his holdings by 51.3% from 194,871 shares to 94,871 shares. The sales occurred at a blended average price of $36.21, just 1.4% below the current price of $36.73, which sits at the 52-week high. Notably, Oneglia's 4 prior same-ticker trades at TPC (all in November 2024) were each well-timed at the 90-day mark, with 90-day returns ranging from -10.5% to -20.3%, suggesting a historical pattern of selling ahead of declines. However, the stock has gained +68.9% over the past 30 days and +55.0% over 90 days, entering the 52-week high zone, which contrasts sharply with the typical post-sale weakness seen in his prior TPC transactions. The company's fundamentals remain mixed: while annual revenue growth reached +11.5% and the latest quarter generated $1.2B in revenue with $28.0M net income, the full fiscal year was unprofitable, introducing uncertainty about the sustainability of the recent rally.

Director Raymond Oneglia sold 250,000 shares (50% of holdings) at $28.66–$28.82 for $7.2M over three days

Director Raymond Oneglia executed 4 separate sales totaling 250,000 shares for $7,189,199.36, reducing his stake from 500,000 to 250,000 shares—a 50.0% reduction in holdings. The blended average price of $28.76 sits near the current price of $28.52, placing the execution in the upper half of the 52-week range ($8.08–$33.24). Against a backdrop where Tutor Perini Corp reported net income of $-100,862,000.00 in its most recent full fiscal year and the company remains unprofitable, this substantial reduction in director ownership coincides with the equity returning approximately +25.1% over the 90-day window. The scale and systematic nature of this divestiture—executed across multiple tranches over three trading days—represents a material shift in board-level commitment to the company.