Primoris awards 2,081 RSUs to deputy CFO
Deputy CFO Travis Stricker received a multi-year vesting grant of 2,081 RSUs tied to Primoris Services Corp common stock.
Rhea-AI Filing Summary
Primoris Services Corp (symbol: PRIM) is the issuer of record for a Form 4 filing submitted to the SEC. Stricker Travis reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp (PRIM) reported that Deputy CFO Travis Stricker received a grant of 2,081 Restricted Stock Units on September 1, 2026. Each unit represents a contingent right to receive one share of common stock or its cash value on settlement, at the company’s discretion.
The RSUs vest 25% on September 1, 2027, 25% on September 1, 2028, and 50% on September 1, 2029. After this grant, Stricker holds 5,278 RSUs directly and has a separate direct holding of 10,938 common shares. No Rule 10b5-1 trading plan is reported for this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,081 shares
Grant/Award
2 txns
Insider
Stricker Travis
Role
Deputy CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 2,081 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,278 contracts (Direct);
Common Stock — 10,938 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. The restricted stock units vest 25% on September 1, 2027, 25% on September 1, 2028, and 50% on September 1, 2029.
Key Figures
RSUs granted: 2,081 units
RSU holdings after grant: 5,278 units
Common shares held: 10,938 shares
+2 more
5 metrics
RSUs granted
2,081 units
Restricted Stock Units granted to Deputy CFO on September 1, 2026
RSU holdings after grant
5,278 units
Total Restricted Stock Units held directly after the reported grant
Common shares held
10,938 shares
Direct common stock holdings reported as of September 1, 2026
Initial vesting tranche
25%
Portion of RSUs vesting on September 1, 2027
Final vesting tranche
50%
Portion of RSUs vesting on September 1, 2029
Key Terms
Restricted Stock Units, contingent right, date of settlement, vest
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of PRIM common stock"
date of settlement financial
"cash value thereof on the date of settlement, in the Company's discretion"
vest financial
"The restricted stock units vest 25% on September 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What equity award did PRIM grant to Deputy CFO Travis Stricker on September 1, 2026?
Primoris Services Corp granted Deputy CFO Travis Stricker 2,081 Restricted Stock Units on September 1, 2026, each representing a contingent right to receive one share of PRIM common stock or its cash value upon settlement, at the company’s discretion.
How do the new RSUs for PRIM’s Deputy CFO vest over time?
The 2,081 RSUs vest in three tranches: 25% on September 1, 2027, 25% on September 1, 2028, and the remaining 50% on September 1, 2029, subject to continued service and the usual plan conditions.
How many Restricted Stock Units does PRIM’s Deputy CFO hold after this Form 4?
Following the September 1, 2026 grant, Deputy CFO Travis Stricker directly holds 5,278 Restricted Stock Units linked to Primoris Services Corp common stock, as reported in the Form 4 filing.
Is the PRIM Deputy CFO’s RSU grant reported as being under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, so the 2,081 RSU grant to the Deputy CFO is not reported as being made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
