Primoris COO reports equity awards and tax withholding
Primoris Services Corp Chief Operating Officer Jeremy Kinch reported several equity award-related transactions on March 1, 2026.
Rhea-AI Filing Summary
Primoris Services Corp Chief Operating Officer Jeremy Kinch reported several equity award-related transactions on March 1, 2026. He acquired 6,023 restricted stock units through the exercise or conversion of derivative securities and received an additional 2,323 restricted stock units as a new grant at no cash cost.
On the same date, he acquired 6,023 shares of common stock upon settlement of vested restricted stock units and was granted a further 20,290 common shares. To cover tax obligations on these vestings, 10,359 common shares were withheld and disposed of at a reported price of $150.72 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,023 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,323 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,023 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 20,290 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,359 | $150.72 | $1.56M |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Primoris Services Corp (PRIM) report for Jeremy Kinch?
How many restricted stock units did the Primoris COO acquire in this Form 4?
What common stock awards did Jeremy Kinch receive from Primoris Services Corp?
What is the vesting schedule for Jeremy Kinch’s new Primoris restricted stock units?
Do Jeremy Kinch’s restricted stock units convert into Primoris common stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.