Director Ronald N. Tutor sells 200,000 TPC shares for $12.9M across 3 transactions (Sept 17-18); stock +17.0% in 30 days, near 52-week high
Ronald N. Tutor, Director, executed 3 separate sales totaling 200,000 shares for $12,902,350.65 at blended average price $64.51 on September 17–18, reducing holdings by 4.7% to 4,062,985 shares post-transaction. The stock has appreciated 17.0% over the 30 days following the sale and now trades at $65.48, just 1.1% below its 52-week high of $66.22, suggesting the director sold into strength rather than ahead of a decline. His cross-ticker track record shows a 90-day well-timed rate of 42.86% across 20 prior sells (below 50%), while his 5 most recent trades at TPC (all sales within the prior 2 weeks) have outcomes still not yet measurable. The company reported latest-quarter revenue of $1,373,681,000.00 with net income of $19,974,000.00, though it was unprofitable on a full-year basis, reflecting operational challenges that may warrant investor scrutiny alongside the scale of this director-level liquidity event.