[Form 4] Primoris Services Corporation Insider Trading Activity

Rhea-AI Filing Summary

Primoris Services Corp. (PRIM) Form 4 discloses that director Patricia K. Wagner received 499 restricted common shares on 07/30/2025 under the company’s non-employee director compensation plan adopted in 2011 and updated July 2024. The grant is valued at $37,500, with the share count calculated from PRIM’s average closing price during June 2025. The shares are subject to a 12-month holding restriction and were coded "A" (acquisition) rather than an open-market purchase.

• Post-grant, Wagner’s direct ownership rises to 2,856 shares.
• She also holds 17,371 shares indirectly via the Wagner Family Trust, bringing her total beneficial stake to roughly 20,227 shares.
• The filing was signed by Attorney-in-Fact Kenneth M. Dodgen on 07/30/2025.

No derivative securities were reported. Because the award is part of a routine compensation program, the transaction signals continued board-level alignment but carries limited incremental informational value for near-term trading.

Positive

• Director equity increases: Patricia K. Wagner now holds 2,856 direct and 17,371 indirect shares, signaling continued board ownership.
• No sales or derivative disposals: Only an equity grant was reported, indicating confidence or at least absence of insider selling.

Negative

• Grant is routine compensation, not an open-market purchase, so the informational value for investors is limited.

Insights

Equity Analyst

TL;DR: Routine director stock grant; mildly positive alignment, immaterial to valuation.

The 499-share award adds only ~$38k in equity to Wagner’s holdings and does not reflect discretionary buying. Still, directors now control ~20k shares, modestly reinforcing governance alignment. No derivatives or sales were reported, so there is no negative signal. Given PRIM’s ~53 M shares outstanding, dilution is de minimis. Overall impact on investment thesis: negligible.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wagner Patricia K

(Last) (First) (Middle)

C/O PRIMORIS SERVICES CORPORATION

2300 NORTH FIELD STREET, SUITE 1900

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Primoris Services Corp [ PRIM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/30/2025		A		499	A	(1)	2,856	D
Common Stock								17,371	I	By Wagner Family Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 2025, resulting in a grant of 499 shares of stock. The shares of stock cannot be sold for a period of twelve months from the date of grant.

2. These shares are owned directly by the Wagner Family Trust dated March 24, 2008 and indirectly by Patricia K. Wagner.

	/s/ Kenneth M. Dodgen, Attorney-in-Fact	07/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did PRIM disclose on July 30 2025?

A director received 499 restricted shares valued at $37,500 under the board compensation plan.

How many PRIM shares does Patricia K. Wagner now own?

She holds 2,856 shares directly and 17,371 shares indirectly, totaling about 20,227.

Are the new shares immediately tradeable?

No. The restricted shares cannot be sold for 12 months from the grant date (07/30/2025).

Did the filing include any options or derivative securities?

No derivative securities were reported in Table II.

Is this transaction an open-market insider buy?

No. It is a routine stock grant under the non-employee director compensation program.