Primoris CAO awarded 5,000 RSUs
Stricker Travis reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Stricker Travis reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp chief accounting officer Travis Stricker reported an equity compensation award of 5,000 restricted stock units. Each unit represents a contingent right to receive one share of PRIM common stock or its cash value on settlement, at the company’s discretion.
The restricted stock units vest in stages: 25% on January 30, 2024, 25% on January 30, 2025, and 50% on January 30, 2026. The filing notes it was submitted late due to an administrative error, and states this was not an error of the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,000 | $0.00 | $0.00 |
Footnotes (3)
- 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.
- F2. This transaction is being filed late due to an administrative error and not any error of the reporting person.
- F3. The restricted stock units vest 25% on January 30, 2024, 25% on January 30, 2025, and 50% on January 30, 2026.
FAQ
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What insider transaction did Primoris (PRIM) report for Travis Stricker?
How do the 5,000 restricted stock units for PRIM’s CAO vest?
What does each restricted stock unit represent for Primoris (PRIM)?
Why was Travis Stricker’s Form 4 for Primoris (PRIM) filed late?
AI-generated analysis. How Rhea-AI works. Not financial advice.