Primoris Services Corp (PRIM) grants 356 restricted shares to director
Rhea-AI Filing Summary
King David Lee reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director David Lee King received a grant of 356 shares of common stock as part of the company’s non-employee director compensation program. The award has a stated value of $37,500, determined using the average closing price during June 2026. These shares are restricted and cannot be sold for twelve months from the July 31, 2026 grant date. Following this award, King directly holds 15,297 shares of Primoris common stock. The transaction was not reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 356 shares
Net Buy
1 txn
Insider
King David Lee
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 356 | -- | -- |
Holdings After Transaction:
Common Stock — 15,297 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 stock grant: 356 shares
Grant value: $37,500
Shares held after grant: 15,297 shares
+1 more
4 metrics
Restricted stock grant
356 shares
Non-employee director stock award to David Lee King on July 31, 2026
Grant value
$37,500
Value specified under the non-employee director compensation program
Shares held after grant
15,297 shares
David Lee King’s direct Primoris common stock holdings following the award
Sale restriction period
12 months
Shares cannot be sold for twelve months from the date of grant
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 in May 2011"
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 (PRIM) report for David Lee King?
Primoris reported that director David Lee King received a grant of 356 shares of common stock. The award is part of the non-employee director compensation program and increases his direct holdings to 15,297 shares after the transaction.
What is the dollar value of David Lee King’s new Primoris (PRIM) stock grant?
The new restricted stock grant to David Lee King has a stated value of $37,500. This value comes from Primoris’s non-employee director compensation program, which specifies restricted stock awards with that dollar amount for eligible directors.
Was David Lee King’s Primoris (PRIM) stock grant made under a Rule 10b5-1 plan?
The report indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is marked false, meaning the grant is not described as occurring under a pre-arranged trading arrangement.
What compensation program governs David Lee King’s Primoris (PRIM) stock award?
The grant is issued under Primoris’s non-employee director compensation program, adopted in May 2011 and updated in July 2024. This program provides for restricted stock awards with a value of $37,500 to eligible non-employee directors.