Primoris Services Corp (PRIM) CEO awarded 6,967 restricted units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vadlamudi Koti reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp president and CEO Vadlamudi Koti received a grant of 6,967 restricted stock units on March 1, 2026. These units cost $0.00 per unit and increase his directly held restricted stock units to 14,142 after the award.
Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value of a share on settlement, at the company’s discretion. The award vests over time: 25% on March 1, 2027, 25% on March 1, 2028, and the remaining 50% on March 1, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vadlamudi Koti
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,967 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 14,142 shares (Direct)
Footnotes (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. The restricted stock units vest 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029.
FAQ
What insider transaction did PRIM report for Vadlamudi Koti?
Primoris Services Corp reported that president and CEO Vadlamudi Koti received a grant of 6,967 restricted stock units on March 1, 2026. This was a compensatory award, not an open-market stock purchase or sale, and increased his directly held restricted stock units to 14,142.
How many restricted stock units were granted to the PRIM CEO?
The PRIM CEO, Vadlamudi Koti, was granted 6,967 restricted stock units. Each unit represents a contingent right to receive one share of Primoris common stock or its cash value on settlement, at the company’s discretion, subject to a multi-year vesting schedule.
What is the vesting schedule for the 6,967 PRIM restricted stock units?
The 6,967 restricted stock units vest in three stages: 25% on March 1, 2027, another 25% on March 1, 2028, and the remaining 50% on March 1, 2029. Vesting spreads the compensation over several years and encourages longer-term executive alignment.
What does each PRIM restricted stock unit granted to the CEO represent?
Each restricted stock unit represents a contingent right to receive one share of Primoris Services Corp common stock or the cash value of one share. The company decides whether settlement occurs in shares or cash when the units ultimately settle, after vesting conditions are met.
How many restricted stock units does the PRIM CEO hold after this award?
After receiving the 6,967-unit grant, the PRIM CEO directly holds 14,142 restricted stock units. This total reflects his beneficial ownership of this type of derivative security following the reported transaction, subject to the time-based vesting schedule specified in the award’s terms.