Primoris (PRIM) director Harpreet Saluja receives $37,500 stock grant
Rhea-AI Filing Summary
Saluja Harpreet reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Harpreet Saluja received a restricted stock award of 268 shares of common stock. The grant has a stated value of $37,500 under the company’s non-employee director compensation program. The price per share was based on the average closing price during March 2026, and the shares cannot be sold for twelve months from the grant date. Following this award, Saluja directly holds 1,363 Primoris shares.
Positive
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Insider Trade Summary
Net Buyer: 268 shares
Net Buy
1 txn
Insider
Saluja Harpreet
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 268 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,363 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 March 2026, resulting in a grant of 268 shares of stock. The shares of stock cannot be sold for a period of twelve months from the date of grant.
Key Figures
Restricted stock grant: 268 shares
Grant value: $37,500
Holdings after grant: 1,363 shares
+2 more
5 metrics
Restricted stock grant
268 shares
Common stock award on April 30, 2026
Grant value
$37,500
Non-employee director compensation program
Holdings after grant
1,363 shares
Director’s direct Primoris holdings post-transaction
Sale restriction period
12 months
Shares cannot be sold for twelve months from grant date
Pricing method
Average March 2026 close
Grant price per share based on average closing price in March 2026
Key Terms
restricted stock, non-employee director compensation program, average closing price, grant of 268 shares, +1 more
5 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 and updated July 2024"
average closing price financial
"The price per share was based on the average closing price during March 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.
cannot be sold for a period of twelve months financial
"The shares of stock cannot be sold for a period of twelve months from the date of grant"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Primoris (PRIM) director Harpreet Saluja report on this Form 4?
Director Harpreet Saluja reported receiving 268 shares of Primoris common stock as a restricted stock award. The grant is part of the non-employee director compensation program and increases Saluja’s direct holdings to 1,363 shares after the transaction.
What is the value of the restricted stock granted to Primoris (PRIM) director Harpreet Saluja?
The restricted stock award to director Harpreet Saluja has a stated value of $37,500. This value comes from Primoris’s non-employee director compensation program, which specifies that restricted stock grants to directors are sized to reflect that dollar amount.
How was the grant price determined for Harpreet Saluja’s Primoris (PRIM) restricted stock?
The grant price for Harpreet Saluja’s restricted stock was based on Primoris’s average closing share price during March 2026. Using that average, the company sized the award to deliver $37,500 in value, resulting in a grant of 268 restricted shares.