John Perisich discloses multi-tranche sale of PRIM shares
Rhea-AI Filing Summary
John M. Perisich, Chief Legal and Administrative Officer of Primoris Services Corp (PRIM), reported multiple open-market sales of common stock executed on 08/06/2025. He sold a total of 15,695 shares in five tranches with per-tranche prices recorded as $107.4437, $108.4402, $109.3214, $110.369, and $111.3755; footnotes state the underlying trade prices ranged approximately from $106.79 to $111.84. The reported sales reduced his direct beneficial ownership to 0 shares after the last tranche, while he retains 145,214 shares indirectly through the Perisich Family Trust dated July 11, 2007. The Form 4 is signed by an attorney-in-fact and provides the price ranges and the trustee relationship explicitly.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine-disclosure insider sale totaling 15,695 PRIM shares; direct stake eliminated but substantial indirect holdings remain.
The filing documents five separate sales on 08/06/2025 totaling 15,695 shares at reported per-lot prices between $107.44 and $111.38, with disclosed execution-price ranges from $106.79 to $111.84. After these transactions the reporting person shows 0 direct shares while maintaining 145,214 shares indirectly via the Perisich Family Trust. From a market-impact perspective, the disclosed volumes are small relative to a typical public float and this appears to be an individual liquidity event rather than a company-level development; the disclosure and footnotes are complete and compliant.
TL;DR: Disclosure meets Section 16 requirements; governance note: direct ownership falls to zero but family trust retains significant position.
The Form 4 clearly identifies the reporting person as Chief Legal and Administrative Officer and documents the sale tranches with price ranges and an attorney-in-fact signature. Material governance consideration is that the officer no longer holds direct shares after the reported trades, which could be noteworthy to stakeholders; however, the filing also shows 145,214 shares remain owned indirectly through a family trust, preserving economic alignment. The filing contains customary explanatory footnotes for price ranges and indicates responsiveness to further information requests.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 682 | $107.4437 | $73K |
| Sale | Common Stock | 2,737 | $108.4402 | $297K |
| Sale | Common Stock | 2,859 | $109.3214 | $313K |
| Sale | Common Stock | 6,583 | $110.369 | $727K |
| Sale | Common Stock | 2,834 | $111.3755 | $316K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares were sold in multiple transactions at prices ranging from $106.79 to $107.79 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $107.82 to $108.82 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $108.83 to $109.83 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $109.84 to $110.84 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares were sold in multiple transactions at prices ranging from $110.92 to $111.84 per share, inclusive. The holder undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares are owned directly by the Perisich Family Trust dated July 11, 2007 and indirectly by John M. Perisich, as trustee of the trust. Mr. Perisich is Chief Legal and Administrative Officer of Primoris.
