Primoris Services (NYSE: PRIM) grants director 356 restricted shares
Rhea-AI Filing Summary
Ching Michael E. reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp reported that director Michael E. Ching received a grant of 356 shares of restricted common stock under the non-employee director compensation program, valued at $37,500. The shares cannot be sold for twelve months and increase his direct holdings to 10,754 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 356 shares
Net Buy
1 txn
Insider
Ching Michael E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 356 | -- | -- |
Holdings After Transaction:
Common Stock — 10,754 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
Post-transaction holdings: 10,754 shares
+1 more
4 metrics
Restricted shares granted
356 shares
Non-employee director restricted stock award to Michael E. Ching on 2026-07-31
Grant value
$37,500
Value of restricted stock provided under director compensation program
Post-transaction holdings
10,754 shares
Total direct Primoris common stock held by Michael E. Ching after the grant
Sale restriction period
12 months
Restricted shares cannot be sold for twelve months from the grant date
Key Terms
restricted stock, non-employee director compensation program, average closing price
3 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"
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 (PRIM) disclose for Michael E. Ching?
Primoris Services disclosed that director Michael E. Ching received a grant of 356 shares of restricted common stock. The award was issued under the company’s non-employee director compensation program and is valued at $37,500 based on average closing prices in June 2026.
What is the value of the restricted stock grant to Michael E. Ching at Primoris (PRIM)?
The restricted stock grant to Michael E. Ching has a stated value of $37,500. This value comes from the non-employee director compensation program, which specifies restricted stock awards with that dollar value, calculated using average closing prices during June 2026 to determine the exact share amount.
What are Michael E. Ching’s total Primoris (PRIM) holdings after the restricted stock grant?
Following the grant, Michael E. Ching directly holds 10,754 shares of Primoris common stock. This total reflects the addition of 356 restricted shares awarded under the non-employee director compensation program as of the reported transaction date.