Primoris (PRIM) director granted $37,500 in restricted stock compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ching Michael E. reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Michael E. Ching received a grant of 268 shares of common stock as part of the company’s non-employee director compensation program. The restricted stock has a stated value of $37,500, based on the average closing price during March 2026.
Following this award, Ching directly holds 10,398 shares of Primoris common stock. The granted shares cannot be sold for twelve months from the grant date, reflecting their role as long-term equity compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ching Michael E.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 268 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,398 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock granted: 268 shares
Grant value: $37,500
Shares owned after grant: 10,398 shares
+2 more
5 metrics
Restricted stock granted
268 shares
Non-employee director award on Form 4
Grant value
$37,500
Director compensation program value for restricted stock
Shares owned after grant
10,398 shares
Direct holdings following the reported transaction
Holding period
12 months
Restricted shares cannot be sold for twelve months from grant
Pricing basis
Average March 2026 closing price
Used to convert $37,500 value into 268 shares
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 insider transaction did Primoris Services Corp (PRIM) report for Michael E. Ching?
Primoris reported that director Michael E. Ching received a grant of 268 shares of common stock as restricted stock. This award is part of the non-employee director compensation program and represents equity-based compensation rather than an open-market stock purchase.
What is the value of the restricted stock granted to the Primoris (PRIM) director?
The restricted stock granted to Michael E. Ching has a stated value of $37,500. This value was determined using the average closing price of Primoris common stock during March 2026, as specified in the company’s director compensation program.