[Form 4] Primoris Services Corporation Insider Trading Activity
Rhea-AI Filing Summary
John M. Perisich, Chief Legal and Administrative Officer of Primoris Services Corporation, reported an insider sale of common stock. The Form 4 discloses a sale of 11,607 shares executed on 08/11/2025 at prices ranging from $111.30 to $111.61 per share (average disclosed $111.5139). The filing shows continuing indirect beneficial ownership of 133,607 shares held by the Perisich Family Trust dated July 11, 2007, for which Mr. Perisich is trustee. The form is signed by an attorney-in-fact and includes a footnote offering to disclose the breakdown of shares sold at each price within the stated range.
Positive
- Retained indirect ownership of 133,607 shares via the Perisich Family Trust indicates continued alignment with shareholder interests.
- Footnote offers full breakdown of the number of shares sold at each specific price within the disclosed range, supporting transparency.
Negative
- Disposition of 11,607 shares by a senior officer is a sale that investors may interpret as reduced insider exposure.
- Sale price range reported ($111.30–$111.61) reflects a significant cashing-out event that could attract market attention.
Insights
TL;DR: Insider sale of 11,607 shares at ~$111.51 with an ongoing indirect stake of 133,607 shares; neutral immediate signal.
The filing documents a straightforward disposition of 11,607 Primoris shares at an average price shown as $111.5139, with the seller retaining indirect beneficial ownership of 133,607 shares through a family trust. This combination—a disclosed sale alongside a substantial continuing indirect stake—provides limited new information about company fundamentals and is best classified as a routine liquidity event rather than a material change to the company's financial position.
TL;DR: Officer sold shares while maintaining control via a family trust; disclosure appears complete and routine.
The Form 4 identifies Mr. Perisich as both an officer and trustee of the Perisich Family Trust, which retains 133,607 indirectly held shares after the reported sale. The filing includes an explanatory footnote about price ranges and a signature executed by an attorney-in-fact. From a governance and disclosure perspective, the form supplies the customary information required for transparency regarding insider transactions.