Kenneth M. Dodgen - 30 Sep 2021 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role: Chief Financial Officer
Signature: /s/ Kenneth M. Dodgen
Issuer symbol: PRIM
Transactions as of: 30 Sep 2021
Transactions value $: $-37,582
Form type: 4
Filing time: 04 Oct 2021, 18:27:29 UTC
Previous filing: 01 Jul 2021
Next filing: 02 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRIM	Common Stock	Options Exercise		+6,224	+41.8%		21,112	03 Oct 2021	Direct	F1
transaction	PRIM	Common Stock	Tax liability	$-37,582	-1,516	-7.18%	$24.79	19,596	03 Oct 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PRIM	Restricted Stock Units	Award	$0	+10	+0.03%	$0.000000	31,924	30 Sep 2021	Common Stock	10		Direct	F1, F3
transaction	PRIM	Restricted Stock Units	Options Exercise	$0	-6,224	-19.5%	$0.000000	25,700	03 Oct 2021	Common Stock	6,224		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion.
F2	Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
F3	Represents dividend equivalent units in the form of restricted stock units with respect to 4,159 vested restricted stock units. The vested restricted stock units settled for an equal number of shares of PRIM common stock on October 3, 2021.
F4	The restricted stock units vested in three equal annual installments on each of the first through the third anniversaries of October 3, 2018. The vested restricted stock units settled for an equal number of shares of PRIM common stock on October 3, 2021.