John F. Moreno Jr. - 01 Apr 2022 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role: Chief Operating Officer
Signature: /s/ Kenneth M. Dodgen, by power of attorney
Issuer symbol: PRIM
Transactions as of: 01 Apr 2022
Net transactions value: -$187,295
Form type: 4
Filing time: 04 Apr 2022, 16:46:28 UTC
Previous filing: 02 Mar 2022
Next filing: 14 Nov 2022
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		+24,178	+412%		30,050	01 Apr 2022	Direct	F1
transaction	PRIM	Common Stock	Tax liability	$187,295	-7,626	-25%	$24.56	22,424	01 Apr 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	-24,178	-41%	$0.000000	35,374	01 Apr 2022	Common Stock	24,178		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 April 1, 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.