Primoris (PRIM) legal officer granted shares; tax shares withheld after vesting

Rhea-AI Filing Summary

Primoris Services Corp executive John M. Perisich reported equity award activity and related tax withholding. On March 1, 2026, 12,290 restricted stock units vested and were settled into the same number of common shares, and he received new grants of 2,723 restricted stock units and 48,197 shares of common stock under the company’s equity plans. To cover tax obligations on the vested awards, 30,780 shares of common stock were withheld at a price of $150.72 per share. After these transactions, he directly holds 29,707 shares of common stock and 11,958 restricted stock units, and an additional 133,607 shares are held indirectly through the Perisich Family Trust, for which he serves as trustee.

Insights

Equity compensation analyst

Routine equity vesting, new grants, and tax withholding with no open-market trading.

Primoris awarded John M. Perisich performance and restricted stock that vested and settled into 12,290 common shares, alongside new grants of 2,723 restricted stock units and 48,197 common shares under the company’s equity incentive plans.

To satisfy tax obligations from these vesting events, 30,780 common shares were withheld at $150.72 per share, a standard non-cash disposition rather than an open-market sale. The filing also notes 133,607 shares held indirectly by the Perisich Family Trust, where he acts as trustee.

Overall, these transactions reflect ongoing equity-based compensation and associated tax handling rather than a directional bet on the stock. Future company filings may detail any additional grants, vesting, or changes in trust holdings.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Perisich John M.

(Last) (First) (Middle)

C/O PRIMORIS SERVICES CORPORATION

2300 NORTH FIELD STREET, SUITE 1900

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Primoris Services Corp [ PRIM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF LEGAL AND ADMIN OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		M		12,290	A	(1)	12,290	D
Common Stock	03/01/2026		A		48,197	A	(2)	60,487	D
Common Stock	03/01/2026		F(3)		30,780	D	$150.72	29,707	D
Common Stock								133,607	I	Family Trust(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/01/2026		M			12,290	(1)	(1)	Common Stock	12,290	$0	9,235	D
Restricted Stock Units	(5)	03/01/2026		A		2,723		(6)	(6)	Common Stock	2,723	$0	11,958	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion. On March 1, 2026, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.

2. These shares represent the acquisition of common stock resulting from the vesting of earned performance stock units issued under an equity incentive plan of the Company.

3. Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units and performance stock units.

4. These shares are owned directly by the Perisich Family Trust dated July 11, 2007 and indirectly by John M. Perisich, as trustee of the trust.

5. Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in theCompany's discretion.

6. The restricted stock units vest 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029.

	/s/ Kenneth M. Dodgen, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did PRIM executive John M. Perisich receive in this Form 4?

John M. Perisich received new equity awards including 2,723 restricted stock units and 48,197 shares of Primoris common stock. These were issued under the company’s equity incentive plans and add to his existing stock-based compensation and ownership position in Primoris Services Corp.

How many Primoris (PRIM) restricted stock units vested for John M. Perisich?

On March 1, 2026, 12,290 restricted stock units vested for John M. Perisich and were settled into an equal number of Primoris common shares. Each unit represented a contingent right to one share or its cash value, at the company’s discretion, upon settlement.

Did John M. Perisich sell Primoris (PRIM) shares in the open market?

The Form 4 shows a tax-withholding disposition of 30,780 shares at $150.72 per share, not an open-market sale. Shares were withheld by the company to satisfy tax obligations arising from vested restricted and performance stock units, a common administrative transaction.

What is John M. Perisich’s direct Primoris (PRIM) share ownership after these transactions?

Following the reported transactions, John M. Perisich directly holds 29,707 shares of Primoris common stock and 11,958 restricted stock units. These figures reflect both the conversion of vested units into shares and the withholding of shares to cover his related tax liabilities.

How many Primoris (PRIM) shares are held through the Perisich Family Trust?

The filing states that 133,607 Primoris common shares are owned by the Perisich Family Trust dated July 11, 2007. John M. Perisich is the trustee, so these shares are reported as held indirectly by him in addition to his direct holdings and restricted stock units.

What do the restricted stock units in this PRIM Form 4 represent?

Each restricted stock unit represents a contingent right to one Primoris share or its cash value on settlement, at the company’s discretion. Some units vested and converted into shares on March 1, 2026, while others will vest in future years under their specified schedules.

Are there future vesting dates for John M. Perisich’s Primoris (PRIM) restricted stock units?

Yes. A block of restricted stock units will vest 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029. These scheduled vesting dates create a multi-year equity incentive for John M. Perisich tied to continued service.