Primoris Services Corp (NYSE: PRIM) grants director $37,500 in restricted stock
Rhea-AI Filing Summary
Saluja Harpreet reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Harpreet Saluja received a grant of 356 shares of common stock on July 31, 2026 under the non-employee director compensation program. The restricted stock has a stated value of $37,500 and cannot be sold for twelve months, bringing Saluja's direct holdings to 1,719 shares.
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Insider Trade Summary
Net Buyer: 356 shares
Net Buy
1 txn
Insider
Saluja Harpreet
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 356 | -- | -- |
Holdings After Transaction:
Common Stock — 1,719 shares (Direct)
Footnotes (1)
- F1. 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 June 2026, resulting in a grant of 356 shares of stock. The shares of stock cannot be sold for a period of twelve months from the date of grant.
Key Figures
Shares granted: 356 shares
Grant value: $37,500
Shares held after grant: 1,719 shares
+2 more
5 metrics
Shares granted
356 shares
Restricted stock grant to director Harpreet Saluja on July 31, 2026
Grant value
$37,500
Value of restricted stock under non-employee director compensation program
Shares held after grant
1,719 shares
Total direct Primoris common stock held by Harpreet Saluja following the transaction
Sale restriction period
twelve months
Restricted shares cannot be sold for twelve months from the grant date
Program update date
July 2024
Non-employee director compensation program updated July 2024
Key Terms
restricted stock, non-employee director compensation program, average closing price
3 terms
restricted stock financial
"provides for the issuance of restricted stock with a value of $37,500"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
non-employee director compensation program financial
"The non-employee director compensation program adopted by the Board in May 2011"
average closing price financial
"The price per share was based on the average closing price during June 2026"
The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Primoris Services Corp (PRIM) report for Harpreet Saluja?
Primoris reported that director Harpreet Saluja received a grant of 356 shares of common stock on July 31, 2026. The award is part of the company’s non-employee director compensation program and is classified as a grant or award acquisition.
What is the value of the stock grant to director Harpreet Saluja at Primoris (PRIM)?
The restricted stock granted to Harpreet Saluja has a stated value of $37,500. This value is determined under Primoris’s non-employee director compensation program and is based on the average closing price during June 2026 used to calculate the number of shares.
Under what program was the July 31, 2026 Primoris (PRIM) stock grant to Harpreet Saluja made?
The grant was made under Primoris’s non-employee director compensation program, adopted in May 2011 and updated in July 2024. The program provides for restricted stock awards with a $37,500 value for eligible directors.