Primoris Services Corp (PRIM) director awarded 268 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primoris Services Corp director David Lee King received a stock grant as part of the company’s non-employee director compensation program. On the grant date, he acquired 268 shares of common stock at no cash cost, based on a total award value of $37,500.
The number of shares was determined using the average closing price during March 2026, and these shares cannot be sold for twelve months from the grant date. Following this award, King directly holds 34,941 shares of Primoris common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
King David Lee
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 268 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 34,941 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant value: $37,500
Shares granted: 268 shares
Shares owned after grant: 34,941 shares
+3 more
6 metrics
Restricted stock grant value
$37,500
Non-employee director stock award
Shares granted
268 shares
Common stock awarded to director
Shares owned after grant
34,941 shares
Director’s direct holdings post-transaction
Sale restriction period
12 months
Shares cannot be sold from date of grant
Program adoption date
May 2011
Initial adoption of director compensation program
Program update date
July 2024
Latest update to director compensation program
Key Terms
restricted stock, non-employee director compensation program, average closing price, Form 4
4 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 March 2026"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Primoris Services Corp (PRIM) director David Lee King report on this Form 4?
David Lee King reported receiving 268 shares of Primoris common stock as a stock grant valued at $37,500. The shares were issued under the non-employee director compensation program and increase his direct holdings to 34,941 shares after the transaction.
What is the Primoris (PRIM) non-employee director compensation program mentioned in the Form 4?
The non-employee director compensation program, adopted in May 2011 and updated in July 2024, provides restricted stock awards to directors. For this grant, it specified a stock award valued at $37,500, which translated into 268 shares based on March 2026 average closing prices.