PRIM insider filing amended, reporting 517-share restricted grant
Rhea-AI Filing Summary
Primoris Services Corp. (PRIM) filed an amended Form 4 for interim President & CEO and director Daniel D. King. The filing reports an acquisition of 517 shares of common stock on 04/30/2025 under the company’s non‑employee director compensation program.
The amendment corrects an earlier submission that duplicated a 2023 transaction and now reflects the intended 04/30/2025 grant. The program, adopted in May 2011 and updated July 2024, provides restricted stock with a value of $37,500, with the price per share based on the average closing price during March 2025. Due to a change in Mr. King’s employment status in March 2025, the award was prorated to 517 shares.
The shares are subject to a 12‑month sale restriction from the grant date. Following the transaction, Mr. King beneficially owns 24,802 shares, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 517 | $0.00 | -- |
Footnotes (1)
- The originally filed Form 4 (SEC Accession No. 0001415889-25-011677) for the Reporting Person inadvertently duplicated the transaction previously reported on his Form 4 filed on 11/02/2023 (SEC Accession No. 0001415889-23-014748). That 2023 Form 4 remains unchanged, and this amended Form 4 has been filed to report the 04/30/2025 transaction intended to be reported on 05/01/2025. The non-employee director compensation program adopted by the Board in May 2011 and updated July 2024, provides for the issuance of restricted stock with a value of $37,500. The price per share was based on the average closing price during March 2025. In March of 2025 Mr. King's employment status with the company changed which resulted in a prorated grant of 517 shares. The shares of stock cannot be sold for a period of twelve months from the date of grant.