Primoris Services Corp (NYSE: PRIM) awards director 356 restricted shares
Rhea-AI Filing Summary
Rodriguez Jose Ramon reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Jose Ramon Rodriguez received a grant of 356 shares of restricted common stock valued at $37,500 under the non-employee director compensation program. The award increases his direct holdings to 18,041 shares and cannot be sold for twelve months from the grant date. The transaction is not reported as being made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 356 shares
Net Buy
1 txn
Insider
Rodriguez Jose Ramon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 356 | -- | -- |
Holdings After Transaction:
Common Stock — 18,041 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
Restricted shares granted: 356 shares
Grant value: $37,500
Shares owned after grant: 18,041 shares
+1 more
4 metrics
Restricted shares granted
356 shares
Grant of restricted common stock to director on 2026-07-31
Grant value
$37,500
Value specified for restricted stock under director compensation program
Shares owned after grant
18,041 shares
Director’s direct common stock holdings following the award
Sale restriction period
12 months
Restricted shares cannot be sold for twelve months from the date of grant
Key Terms
non-employee director compensation program, restricted stock, average closing price
3 terms
non-employee director compensation program financial
"The non-employee director compensation program adopted by the Board in May 2011"
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.
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 Jose Ramon Rodriguez?
Jose Ramon Rodriguez received 356 shares of Primoris restricted common stock as a director equity grant. The award comes from the non-employee director compensation program and is structured as restricted stock rather than an open-market purchase or sale.
What is the value of the restricted stock granted to the PRIM director?
The restricted stock grant to Jose Ramon Rodriguez is valued at $37,500. This value was determined under Primoris’s non-employee director compensation program, which pegs awards to a dollar amount rather than a fixed number of shares each year.
Was the Primoris (PRIM) director’s restricted stock grant under a Rule 10b5-1 trading plan?
No, the disclosure indicates the transaction was not made under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox is not selected, and the grant is characterized as a standard director compensation award.