Primoris CFO reports stock awards and tax withholding
Primoris Services Corp chief financial officer Kenneth Morris Dodgen reported several equity-related transactions.
Rhea-AI Filing Summary
Primoris Services Corp chief financial officer Kenneth Morris Dodgen reported several equity-related transactions. On March 1, 2026, restricted stock units vested and were settled into 10,522 shares of common stock, and an additional 2,140 restricted stock units were granted under the company’s equity plan.
Following these transactions, Dodgen directly owned 101,479 shares of common stock and held 9,397 restricted stock units. A total of 21,001 common shares were withheld at a price of $150.72 per share to satisfy tax obligations related to the RSU and performance stock unit settlements. The newly granted restricted stock units vest 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,522 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,140 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,522 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 42,842 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 21,001 | $150.72 | $3.17M |
Footnotes (5)
- 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 March 1, 2026, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
- F2. These shares represent the acquisition of common stock resulting from the vesting of earned performance stock units issued under an equity incentive plan of the Company.
- F3. Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units and performance stock units.
- F4. 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.
- F5. The restricted stock units vest 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029.
FAQ
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What insider transactions did PRIM CFO Kenneth Morris Dodgen report?
Were any of the PRIM insider transactions open-market buys or sells?
What is the vesting schedule for the new Primoris restricted stock units?
What do Primoris restricted stock units reported in this Form 4 represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.