Stephen C. Cook - Aug 2, 2023 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
Director
Signature
/s/ Kenneth M. Dodgen
Stock symbol
PRIM
Transactions as of
Aug 2, 2023
Transactions value $
-$136,318
Form type
4
Date filed
8/11/2023, 07:00 PM
Previous filing
Jun 8, 2023
Next filing
Nov 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRIM Common Stock Award +1.11K +7.51% 15.9K Aug 2, 2023 Direct F1
transaction PRIM Common Stock Sale -$136K -4K -25.23% $34.08 11.9K Aug 10, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The non-employee director compensation program adopted by the Board in May 2011 and updated August 2022, provides for the issuance of restricted stock with a value of $32,500. The price per share was based on the average closing price during June 2023, resulting in a grant of 1,107 shares of stock. The shares of stock cannot be sold for a period of twelve months from the date of grant.
F2 These shares were sold in multiple transactions at prices ranging from $34.04 to $34.11 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.