Primoris (PRIM) director boosts holdings through dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primoris Services Corp director Terry D. McCallister increased his holdings through automatic dividend reinvestment. On an open-market purchase coded transaction, he acquired 10.144 shares of common stock at an average price of $164.404 per share under a broker-sponsored dividend reinvestment plan.
Following this transaction, McCallister directly holds 20,856.554 shares of Primoris common stock. He also indirectly holds 10,000 shares through the Terry D. McCallister Trust dated 6/14/2013, where he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10.144 shares ($1,668)
Net Buy
2 txns
Insider
MCCALLISTER TERRY D
Role
Director
Bought
10.144 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 10.144 | $164.404 | $2K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,856.554 shares (Direct);
Common Stock — 10,000 shares (Indirect, By Trust)
Footnotes (1)
- These transactions were the result of the automatic reinvestment of dividends received on shares of issuer common stock pursuant to a broker-sponsored dividend reinvestment plan. Based on information provided by the investment advisor; additional information, including the price range, if any, is unavailable. These shares are owned by the Terry D. McCallister Trust dated 6/14/2013 and indirectly by Terry D. McCallister, as a trustee of the trust.
Key Figures
Shares purchased: 10.144 shares
Purchase price: $164.404 per share
Direct holdings after transaction: 20,856.554 shares
+2 more
5 metrics
Shares purchased
10.144 shares
Automatic dividend reinvestment on common stock
Purchase price
$164.404 per share
Price for dividend-reinvested Primoris common stock
Direct holdings after transaction
20,856.554 shares
Primoris common stock held directly by McCallister
Indirect trust holdings
10,000 shares
Owned by Terry D. McCallister Trust dated 6/14/2013
Net buy shares
10.144 shares
Net buy direction in transaction summary
Key Terms
dividend reinvestment plan, open-market purchase, indirectly, By Trust, +1 more
5 terms
dividend reinvestment plan financial
"automatic reinvestment of dividends received on shares of issuer common stock pursuant to a broker-sponsored dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
open-market purchase financial
"transaction_action: open-market purchase for common stock on the transaction date"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirectly financial
"owned by the Terry D. McCallister Trust dated 6/14/2013 and indirectly by Terry D. McCallister"
By Trust financial
"nature_of_ownership field indicates By Trust for the indirect holding"
net-buy financial
"transactionSummary shows netBuySellDirection: net-buy based on reported shares"
FAQ
What did Primoris (PRIM) director Terry D. McCallister do in this Form 4 filing?
Terry D. McCallister acquired 10.144 shares of Primoris common stock through automatic dividend reinvestment at $164.404 per share. This small purchase increased his direct holdings to 20,856.554 shares, alongside 10,000 shares held indirectly through a personal trust.
How are Terry D. McCallister’s indirect Primoris (PRIM) holdings structured?
McCallister’s indirect holdings consist of 10,000 Primoris shares owned by the Terry D. McCallister Trust dated 6/14/2013. The filing states these shares are owned by the trust and indirectly by McCallister, who serves as trustee and therefore has an indirect interest in the position.
Does this Primoris (PRIM) Form 4 filing show any stock sales by Terry D. McCallister?
No stock sales are reported in this filing. The transaction summary shows one net-buy transaction totaling 10.144 shares and zero sell transactions, reflecting only an automatic dividend reinvestment that modestly increased McCallister’s overall Primoris share ownership.