Thomas Edward McCormick - 28 Feb 2023 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
CEO & PRESIDENT, Director
Signature
/s/ Kenneth M. Dodgen
Issuer symbol
PRIM
Transactions as of
28 Feb 2023
Net transactions value
-$174,487
Form type
4
Filing time
02 Mar 2023, 16:49:03 UTC
Previous filing
02 Mar 2022
Next filing
03 Jul 2023
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 +3,782 +4.9% 80,628 28 Feb 2023 Direct F1
transaction PRIM Common Stock Tax liability $40,865 -1,486 -1.8% $27.50 79,142 28 Feb 2023 Direct F2
transaction PRIM Common Stock Options Exercise +12,427 +16% 91,569 01 Mar 2023 Direct F3
transaction PRIM Common Stock Tax liability $133,622 -4,891 -5.3% $27.32 86,678 01 Mar 2023 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 -3,782 -5.5% $0.000000 64,782 28 Feb 2023 Common Stock 3,784 Direct F1
transaction PRIM Restricted Stock Units Options Exercise $0 -12,427 -19% $0.000000 52,355 01 Mar 2023 Common Stock 12,427 Direct F3
transaction PRIM Restricted Stock Units Award $0 +22,728 +43% $0.000000 75,083 01 Mar 2023 Common Stock 22,728 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 February 28, 2023, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
F2 Witholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
F3 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, 2023, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
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, 2024, 25% on March 1, 2025, and 50% on March 1, 2026.