Primoris (PRIM) director awarded $37,500 in restricted stock grant
Rhea-AI Filing Summary
MCCALLISTER TERRY D reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Terry D. McCallister received a grant of 356 shares of common stock under the non-employee director compensation program, representing restricted stock valued at $37,500. The grant price was based on the average closing price during June 2026, and the shares cannot be sold for 12 months from the grant date. After this award, McCallister directly holds 21,500.055 shares, and an additional 10,000 shares are held indirectly through the Terry D. McCallister Trust dated June 14, 2013.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 356 shares
Net Buy
2 txns
Insider
MCCALLISTER TERRY D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 356 | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,500.055 shares (Direct);
Common Stock — 10,000 shares (Indirect, By Trust)
Footnotes (2)
- F1. The non-employee director compensation program adopted by the Board in May 2011 and updated July 2024, provides for the issuance of restricted stock with a value of $37,500. The price per share was based on the average closing price during June 2026, resulting in a grant of 356 shares of stock. The shares of stock cannot be sold for a period of twelve months from the date of grant.
- F2. 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
Restricted shares granted: 356 shares
Grant value: $37,500
Direct holdings after grant: 21,500.055 shares
+3 more
6 metrics
Restricted shares granted
356 shares
Grant of common stock to non-employee director on 2026-07-31
Grant value
$37,500
Target value under non-employee director compensation program
Direct holdings after grant
21,500.055 shares
Common stock directly owned by Terry D. McCallister after award
Indirect trust holdings
10,000 shares
Held by the Terry D. McCallister Trust dated 6/14/2013
Sale restriction period
12 months
Restricted stock cannot be sold for 12 months from grant date
Pricing reference period
June 2026
Average closing price during June 2026 used to determine share count
Key Terms
restricted stock, non-employee director compensation program, indirectly, Trust
4 terms
restricted stock financial
"provides for the issuance of restricted stock with a value of $37,500"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
non-employee director compensation program financial
"The non-employee director compensation program adopted by the Board in May 2011"
indirectly financial
"These shares are owned by the Terry D. McCallister Trust ... and indirectly by Terry D. McCallister"
Trust financial
"These shares are owned by the Terry D. McCallister Trust dated 6/14/2013"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PRIM report for Terry D. McCallister?
Primoris reported that director Terry D. McCallister received a grant of 356 shares of common stock as restricted stock under the non-employee director compensation program, representing an equity-based award rather than an open-market purchase or sale.
What is the value of the restricted stock granted to the PRIM director?
The restricted stock grant to Terry D. McCallister has a stated value of $37,500. This value was determined under the company’s non-employee director compensation program adopted in May 2011 and updated in July 2024.
Is the PRIM director’s trust ownership considered indirect?
Yes. The filing states that 10,000 shares are owned by the Terry D. McCallister Trust and indirectly by McCallister as trustee. This means those shares are reported as indirect ownership rather than direct personal holdings.