John M. Perisich - 01 Mar 2025 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
CHIEF LEGAL AND ADMIN OFFICER
Signature
/s/ Kenneth M. Dodgen, Attorney-in-Fact
Issuer symbol
PRIM
Transactions as of
01 Mar 2025
Net transactions value
-$1,161,973
Form type
4
Filing time
04 Mar 2025, 18:00:14 UTC
Previous filing
16 Sep 2024
Next filing
08 Aug 2025
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 +9,919 9,919 01 Mar 2025 Direct F1
transaction PRIM Common Stock Award +21,973 +222% 31,892 01 Mar 2025 Direct F2
transaction PRIM Common Stock Tax liability $1,161,973 -16,197 -51% $71.74 15,695 01 Mar 2025 Direct F3
holding PRIM Common Stock 145,214 01 Mar 2025 Family Trust F4

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 -9,919 -39% $0.000000 15,805 01 Mar 2025 Common Stock 9,919 Direct F1
transaction PRIM Restricted Stock Units Award $0 +5,720 +36% $0.000000 21,525 01 Mar 2025 Common Stock 5,720 Direct F5, F6
* 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 March 1, 2025, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
F2 These shares represent the acquisition of common stock resulting from the vesting of earned performance stock units issued under an equity incentive plan of the Company.
F3 Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units and performance stock units.
F4 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.
F5 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.
F6 The restricted stock units vest 25% on March 1, 2026, 25% on March 1, 2027, and 50% on March 1, 2028.