Thomas Edward McCormick - 01 Mar 2025 Form 4 Insider Report for Primoris Services Corp (PRIM)

Role
CEO & PRESIDENT, Director
Signature
/s/ Kenneth M. Dodgen, Attorney-in-Fact
Issuer symbol
PRIM
Transactions as of
01 Mar 2025
Net transactions value
-$2,178,457
Form type
4
Filing time
04 Mar 2025, 18:00:15 UTC
Previous filing
15 Nov 2024
Next filing
19 Mar 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 +22,016 +36% 83,406 01 Mar 2025 Direct F1
transaction PRIM Common Stock Award +55,146 +66% 138,552 01 Mar 2025 Direct F2
transaction PRIM Common Stock Tax liability $2,178,457 -30,366 -22% $71.74 108,186 01 Mar 2025 Direct 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 -22,016 -37% $0.000000 37,504 01 Mar 2025 Common Stock 22,016 Direct F1
transaction PRIM Restricted Stock Units Award $0 +12,690 +34% $0.000000 50,194 01 Mar 2025 Common Stock 12,690 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 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 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, 2026, 25% on March 1, 2027, and 50% on March 1, 2028.