Travis Stricker - 01 Mar 2024 Form 4 Insider Report for Primoris Services Corp (PRIM)

Signature
/s/ Kenneth M. Dodgen
Issuer symbol
PRIM
Transactions as of
01 Mar 2024
Net transactions value
-$68,260
Form type
4
Filing time
05 Mar 2024, 20:25:58 UTC
Previous filing
01 Feb 2024
Next filing
11 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRIM Common Stock Options Exercise +4,568 +35% 17,542 01 Mar 2024 Direct F1
transaction PRIM Common Stock Award +748 +4.3% 18,290 01 Mar 2024 Direct F2
transaction PRIM Common Stock Tax liability $68,260 -1,722 -9.4% $39.64 16,568 01 Mar 2024 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 -4,568 -36% $0.000000 8,279 01 Mar 2024 Common Stock 4,568 Direct F1
transaction PRIM Restricted Stock Units Award $0 +2,026 +24% $0.000000 10,305 01 Mar 2024 Common Stock 2,026 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, 2024, 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, 2025, 25% on March 1, 2026, and 50% on March 1, 2027.