Primoris Services Corp (PRIM) COO logs stock unit vesting and grants
Filing Impact
Filing Sentiment
Form Type
4
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
6,023 shares exercised/converted
Mixed
5 txns
Insider
Kinch Jeremy
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,023 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,323 | $0.00 | -- |
| Exercise | Common Stock | 6,023 | $0.00 | -- |
| Grant/Award | Common Stock | 20,290 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,359 | $150.72 | $1.56M |
Holdings After Transaction:
Restricted Stock Units — 7,138 shares (Direct);
Common Stock — 15,603 shares (Direct)
Footnotes (1)
- 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. 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. Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units and performance stock units. 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. The restricted stock units vest 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029.
FAQ
What insider transactions did Primoris Services Corp (PRIM) report for Jeremy Kinch?
Jeremy Kinch reported multiple equity-related transactions on March 1, 2026. He acquired restricted stock units and common shares through vesting and grants, and had shares withheld and disposed of to satisfy tax obligations tied to these equity awards.
How many restricted stock units did the Primoris COO acquire in this Form 4?
Jeremy Kinch acquired 6,023 restricted stock units via exercise or conversion and received 2,323 additional restricted stock units as a grant. Each restricted stock unit represents a contingent right to one share of Primoris common stock or its cash value upon settlement.
What common stock awards did Jeremy Kinch receive from Primoris Services Corp?
On March 1, 2026, Jeremy Kinch acquired 6,023 shares of Primoris common stock through settlement of vested restricted stock units. He also received a grant of 20,290 additional common shares, reflecting equity incentive compensation rather than an open-market stock purchase.
What is the vesting schedule for Jeremy Kinch’s new Primoris restricted stock units?
Footnotes describe the new restricted stock units vesting 25% on March 1, 2027, another 25% on March 1, 2028, and the remaining 50% on March 1, 2029. Each unit represents a contingent right to receive one Primoris common share or its cash value upon settlement.
Do Jeremy Kinch’s restricted stock units convert into Primoris common stock?
Each restricted stock unit represents a contingent right to receive one share of Primoris common stock or the cash value of a share. Settlement occurs on the applicable vesting or settlement date, at the company’s discretion between stock delivery or equivalent cash payment.