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[144] Primoris Services Corporation SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Primoris Services Corporation (PRIM) filed a Form 144 announcing a proposed insider sale of up to 4,635 common shares through Fidelity Brokerage Services on or after 08/07/2025 via the NYSE. The shares have an aggregate market value of $516,535.52, implying a per-share reference price of about $111.46. With 54,012,786 shares outstanding, the notice covers roughly 0.009% of issued shares, a quantitatively small stake.

The securities were acquired through three restricted-stock vesting events dated 01/30/2024 (691 shares), 03/01/2024 (3,594 shares) and 06/29/2024 (350 shares); all were received as compensation from the issuer. No securities have been sold by the filer during the past three months, and the form contains the customary representation that the filer possesses no undisclosed material adverse information about the company.

No other financial metrics, earnings data or material transactions are disclosed in this filing. The document is strictly a notice of intent to sell and does not itself execute a transaction.

Positive

  • Sale size is only 0.009% of shares outstanding, suggesting negligible effect on share supply or ownership structure.
  • Filer is complying with Rule 144 disclosure, reflecting adherence to regulatory and corporate-governance best practices.

Negative

  • Form 144 signals an upcoming insider sale of 4,635 shares worth $516,536, which some investors may interpret as a modest bearish signal.

Insights

TL;DR: Planned insider sale of 4,635 PRIM shares (~$516k) is immaterial relative to float; neutral market impact expected.

The proposed sale equals just 0.009% of outstanding shares, so supply pressure should be negligible. The shares stem from routine compensation vesting rather than open-market purchases, reducing concern over valuation timing. No accompanying earnings or guidance changes are provided. Because Form 144 is only a notice, actual sale timing and size can vary, further dampening its market significance. Overall, the filing appears procedural with limited informational content for valuation models.

TL;DR: Filing shows Rule 144 compliance and possible 10b5-1 planning; no governance red flags detected.

The filer attests to lacking undisclosed adverse information, as required. Use of Fidelity as broker and disclosure of acquisition dates indicate standard internal controls around executive equity sales. Absence of prior three-month sales suggests orderly trading behavior. Because the sale arises from restricted-stock vesting, it aligns with equity-based compensation policy rather than discretionary divestment. From a governance standpoint, the notice is routine and non-impactful.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many PRIM shares are covered by this Form 144 notice?

The filing covers 4,635 common shares.

What is the approximate market value of the proposed PRIM share sale?

The aggregate market value disclosed is $516,535.52.

When could the insider begin selling the PRIM shares?

The approximate sale date listed is 08/07/2025.

What percentage of Primoris’s outstanding shares does 4,635 shares represent?

With 54,012,786 shares outstanding, the notice equals about 0.009% of total shares.

How were the PRIM shares originally acquired by the insider?

They were obtained through restricted-stock vesting events on 01/30/2024, 03/01/2024 and 06/29/2024 as compensation.
Primoris Svcs Corp

NYSE:PRIM

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PRIM Stock Data

6.32B
53.39M
1.18%
100.43%
3.9%
Engineering & Construction
Water, Sewer, Pipeline, Comm & Power Line Construction
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United States
DALLAS