John F. Moreno JR - Apr 1, 2022 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
Chief Operating Officer
Signature
/s/ Kenneth M. Dodgen, by power of attorney
Stock symbol
PRIM
Transactions as of
Apr 1, 2022
Transactions value $
-$187,295
Form type
4
Date filed
4/4/2022, 04:46 PM
Previous filing
Mar 2, 2022
Next filing
Nov 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRIM Common Stock Options Exercise +24.2K +411.75% 30.1K Apr 1, 2022 Direct F1
transaction PRIM Common Stock Tax liability -$187K -7.63K -25.38% $24.56 22.4K Apr 1, 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 -24.2K -40.6% $0.00 35.4K Apr 1, 2022 Common Stock 24.2K 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.