PRIM director Wagner logs 302 restricted shares; 615 moved to trust
Rhea-AI Filing Summary
Primoris Services (PRIM) reported a Form 4 for director Patricia K. Wagner. On 10/29/2025, she received 302 shares of restricted stock under the director compensation program, reflecting a $37,500 value based on the average closing price during September 2025. These shares are subject to a 12‑month sale restriction from the grant date.
Also on 10/29/2025, Wagner transferred 615 shares of PRIM common stock to the Wagner Family Trust for no consideration. She serves as trustee and, with her immediate family, is a beneficiary, and she remains the beneficial owner of the trust’s holdings. Following these transactions, she holds 2,543 shares direct and 17,986 shares indirect through the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 302 | $0.00 | $0.00 |
| Gift | Common Stock | 615 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- 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 September 2025, resulting in a grant of 302 shares of stock. The shares of stock cannot be sold for a period of twelve months from the date of grant.
- F2. On October 29, 2025, the reporting person transferred 615 shares of PRIM common stock to the Wagner Family Trust dated March 24, 2008 for no consideration. The reporting person is the trustee of the trust, and the reporting person and members of her immediate family are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the securities held by the trust.
- F3. These shares are owned directly by the Wagner Family Trust dated March 24, 2008 and indirectly by Patricia K. Wagner.
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