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

Role
Chief Financial Officer
Signature
/s/ Kenneth M. Dodgen
Stock symbol
PRIM
Transactions as of
Sep 30, 2021
Transactions value $
-$37,582
Form type
4
Date filed
10/4/2021, 06:27 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 +6.22K +41.81% 21.1K Oct 3, 2021 Direct F1
transaction PRIM Common Stock Tax liability -$37.6K -1.52K -7.18% $24.79 19.6K Oct 3, 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% $0.00 31.9K Sep 30, 2021 Common Stock 10 Direct F1, F3
transaction PRIM Restricted Stock Units Options Exercise $0 -6.22K -19.5% $0.00 25.7K Oct 3, 2021 Common Stock 6.22K 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.