Thomas Edward McCormick - 01 Mar 2024 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
CEO & PRESIDENT, Director
Signature
/s/ Kenneth M. Dodgen
Issuer symbol
PRIM
Transactions as of
01 Mar 2024
Transactions value $
-$896,578
Form type
4
Filing time
05 Mar 2024, 20:08:35 UTC
Previous filing
11 Dec 2023
Next filing
13 May 2024
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 +22.9K +63.56% 59.1K 01 Mar 2024 Direct F1
transaction PRIM Common Stock Award +34.5K +58.46% 93.6K 01 Mar 2024 Direct F2
transaction PRIM Common Stock Tax liability -$897K -22.6K -24.17% $39.64 71K 01 Mar 2024 Direct F3

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 -22.9K -26.7% $0.00 63K 01 Mar 2024 Common Stock 22.9K Direct F1
transaction PRIM Restricted Stock Units Award $0 +21.9K +34.82% $0.00 85K 01 Mar 2024 Common Stock 21.9K 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 March 1, 2024, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
F2 These shares represent the acquisition of common stock resulting from the vesting of earned performance stock units issued under an equity incentive plan of the Company.
F3 Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units and performance stock units.
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 25% on March 1, 2025, 25% on March 1, 2026, and 50% on March 1, 2027.