John M. Perisich - Aug 13, 2021 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
Chief Legal Officer
Signature
/s/ Kenneth M. Dodgen, by power of attorney
Stock symbol
PRIM
Transactions as of
Aug 13, 2021
Transactions value $
-$131,113
Form type
4
Date filed
8/17/2021, 05:59 PM
Previous filing
Jul 1, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRIM Common Stock Options Exercise +14.4K +10.11% 157K Aug 13, 2021 Family Trust F1, F3
transaction PRIM Common Stock Tax liability -$131K -4.96K -3.15% $26.45 152K Aug 13, 2021 Family Trust F2, 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 -14.4K -34.08% $0.00 27.9K Aug 13, 2021 Common Stock 14.4K Direct F1
* 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 August 13, 2021, 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 These shares are owned directly by the Perisich Family Trust dated July 11, 2007 and indirectly by John M. Perisich, as trustee of the trust. Mr. Perisich is Chief Legal Officer of Primoris.