John M. Perisich - 01 Mar 2023 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
CHIEF LEGAL OFFICER
Signature
/s/ Kenneth M. Dodgen
Issuer symbol
PRIM
Transactions as of
01 Mar 2023
Net transactions value
-$31,426
Form type
4
Filing time
03 Jul 2023, 19:00:13 UTC
Previous filing
02 Mar 2023
Next filing
12 Sep 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 +2,969 +1.8% 165,446 29 Jun 2023 Family Trust F1, F2
transaction PRIM Common Stock Tax liability $31,426 -1,027 -0.62% $30.60 164,419 29 Jun 2023 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 Award $0 +7,910 +26% $0.000000 38,834 01 Mar 2023 Common Stock 7,910 Direct F4, F5
transaction PRIM Restricted Stock Units Options Exercise $0 -2,969 -7.6% $0.000000 35,865 29 Jun 2023 Common Stock 2,969 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 June 29, 2023, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
F2 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 at Primoris.
F3 Witholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
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.