Kenneth M. Dodgen - 28 Feb 2023 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Kenneth M. Dodgen
Issuer symbol: PRIM
Transactions as of: 28 Feb 2023
Transactions value $: $-54,840
Form type: 4
Filing time: 02 Mar 2023, 16:45:55 UTC
Previous filing: 02 Mar 2022
Next filing: 03 Jul 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		+2,076	+8.79%		25,683	28 Feb 2023	Direct	F1
transaction	PRIM	Common Stock	Tax liability	$-13,915	-506	-1.97%	$27.50	25,177	28 Feb 2023	Direct	F2
transaction	PRIM	Common Stock	Options Exercise		+6,149	+24.4%		31,326	01 Mar 2023	Direct	F3
transaction	PRIM	Common Stock	Tax liability	$-40,925	-1,498	-4.78%	$27.32	29,828	01 Mar 2023	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	-2,076	-7.12%	$0.000000	27,096	28 Feb 2023	Common Stock	2,076		Direct	F1
transaction	PRIM	Restricted Stock Units	Options Exercise	$0	-6,149	-22.7%	$0.000000	20,947	01 Mar 2023	Common Stock	6,149		Direct	F3

* 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, 2023, 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, 2023, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.