Primoris director settles 21,774 RSUs into shares
Primoris Services Corp director David Lee King reported the vesting and settlement of restricted stock units into common shares.
Rhea-AI Filing Summary
Primoris Services Corp director David Lee King reported the vesting and settlement of restricted stock units into common shares. On April 1, 2026, 21,774 restricted stock units converted into an equal number of Primoris common shares. To cover related tax obligations, 8,569 common shares were withheld by the company. After these compensation and tax-withholding entries, King directly holds 34,673 shares of common stock, and the reported restricted stock unit award has been fully settled.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,774 shares exercised/converted
Exercise
3 txns
Insider
King David Lee
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 21,774 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,774 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,569 | $143.04 | $1.23M |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 34,673 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. On April 1, 2026, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
- F2. Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
Key Figures
RSUs exercised: 21,774 units
Shares from RSU settlement: 21,774 shares
Tax-withheld shares: 8,569 shares
+3 more
6 metrics
RSUs exercised
21,774 units
Restricted stock units vested and settled on April 1, 2026
Shares from RSU settlement
21,774 shares
Common stock received upon RSU settlement
Tax-withheld shares
8,569 shares
Common stock withheld to satisfy tax obligation
Tax withholding price
$143.04 per share
Price reported for shares withheld for taxes
Shares held after transactions
34,673 shares
Direct common stock ownership after Form 4 transactions
Remaining RSUs
0 units
Restricted stock units following settlement
Key Terms
Restricted Stock Units, tax obligation, contingent right, tax-withholding disposition
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of PRIM common stock"
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.
tax obligation financial
"Withholding of common stock to satisfy reporting person's tax obligation upon the settlement"
contingent right financial
"represents a contingent right to receive one share of PRIM common stock or the cash value thereof"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Primoris Services Corp (PRIM) disclose for David Lee King?
Primoris reported that director David Lee King had 21,774 restricted stock units vest and settle into the same number of common shares, with a portion of those shares withheld to satisfy tax obligations related to the settlement event.
What are David Lee King’s Primoris (PRIM) holdings after this Form 4 transaction?
Following the vesting, settlement, and tax-withholding entries, David Lee King directly holds 34,673 shares of Primoris common stock. The reported restricted stock unit award shows zero remaining units after being fully converted into common shares on the transaction date.
Was David Lee King’s Primoris (PRIM) Form 4 a market sale or a tax withholding?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares labeled with transaction code "F" were withheld by the company to cover exercise-related tax liabilities when the restricted stock units vested and settled into common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
