Thomas Edward McCormick - 28 Feb 2022 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
CEO & President, Director
Signature
/s/ Kenneth M. Dodgen, by power of attorney
Issuer symbol
PRIM
Transactions as of
28 Feb 2022
Transactions value $
-$91,443
Form type
4
Filing time
02 Mar 2022, 15:05:41 UTC
Previous filing
01 Jul 2021
Next filing
02 Mar 2023
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 +3.78K +5.37% 74.2K 28 Feb 2022 Direct F1
transaction PRIM Common Stock Tax liability -$33K -1.25K -1.69% $26.37 73K 28 Feb 2022 Direct F2
transaction PRIM Common Stock Options Exercise +6.42K +8.8% 79.4K 01 Mar 2022 Direct F3
transaction PRIM Common Stock Tax liability -$58.4K -2.53K -3.18% $23.12 76.8K 01 Mar 2022 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 Options Exercise $0 -3.78K -6.23% $0.00 57K 28 Feb 2022 Common Stock 3.78K Direct F1
transaction PRIM Restricted Stock Units Options Exercise $0 -6.42K -11.27% $0.00 50.5K 01 Mar 2022 Common Stock 6.42K Direct F3
transaction PRIM Restricted Stock Units Award $0 +18K +35.65% $0.00 68.6K 01 Mar 2022 Common Stock 18K Direct F4, F5
* 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. On Feb. 28, 2022, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
F2 Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
F3 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. On Mar. 1, 2022, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
F4 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.
F5 The restricted stock units vest ratable over three years from the date of grant.