Primoris (PRIM) legal chief sells 29,707 shares, keeps large trust stake
Rhea-AI Filing Summary
Primoris Services Corp’s chief legal and administrative officer, John M. Perisich, reported open‑market sales of 29,707 shares of common stock on May 28, 2026. The sales were executed in multiple transactions at prices ranging from about $125.06 to $130.24 per share as part of an annual asset diversification strategy, according to the disclosure. Following these transactions, he holds 27,574 shares directly and 133,607 shares indirectly through the Perisich Family Trust.
Positive
- None.
Negative
- None.
Insights
Executive sells shares for diversification while retaining a substantial stake.
Chief legal and administrative officer John M. Perisich sold 29,707 shares of Primoris Services Corp common stock in open‑market transactions on May 28, 2026. Reported sale prices ranged from about $125.06 to $130.24 per share.
A footnote states the sales were made as part of an annual asset diversification strategy, suggesting routine portfolio management rather than a one‑off event. After these sales, he still holds 27,574 shares directly and 133,607 shares indirectly via a family trust, indicating a remaining sizable equity position.
There are no derivative holdings reported in this filing, and no indications of a Rule 10b5‑1 trading plan in the excerpt. Subsequent company filings may further clarify any future changes in his holdings or compensation‑related equity grants.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,133 | $125.7483 | $268K |
| Sale | Common Stock | 9,450 | $126.6806 | $1.20M |
| Sale | Common Stock | 6,017 | $127.6584 | $768K |
| Sale | Common Stock | 6,147 | $128.6463 | $791K |
| Sale | Common Stock | 5,855 | $129.8524 | $760K |
| Sale | Common Stock | 105 | $130.26 | $14K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Sale made by the reporting person as part of an annual asset diversification strategy. These shares were sold in multiple transactions at prices ranging from $125.06 to $126.02 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $126.14 to $127.06 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $127.15 to $128.08 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $128.17 to $129.10 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $129.24 to $130.24 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. 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.