John M. Perisich - Jun 29, 2024 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
CHIEF LEGAL AND ADMIN OFFICER
Signature
/s/ Kenneth M. Dodgen
Stock symbol
PRIM
Transactions as of
Jun 29, 2024
Transactions value $
-$225,154
Form type
4
Date filed
7/2/2024, 06:09 PM
Previous filing
May 14, 2024
Next filing
Sep 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRIM Common Stock Options Exercise +8.9K 8.9K Jun 29, 2024 Direct F1
transaction PRIM Common Stock Tax liability -$225K -4.51K -50.69% $49.89 4.39K Jun 29, 2024 Direct F2
holding PRIM Common Stock 145K Jun 29, 2024 Family Trust 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 Options Exercise $0 -8.9K -25.71% $0.00 25.7K Jun 29, 2024 Common Stock 8.9K 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, 2024, 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 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 and Administrative Officer of Primoris.