[Form 4] Primoris Services Corporation Insider Trading Activity
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.