Primoris Services Corporation is asking stockholders to vote at its virtual 2026 Annual Meeting on April 30, 2026. Holders of common stock at the close of business on March 9, 2026 may participate and vote online after registering at proxydocs.com/PRIM.
Stockholders will elect eight directors for one-year terms, cast an advisory “say‑on‑pay” vote on named executive officer compensation, and ratify Baker Tilly US, LLP as independent auditor for 2026. Director John P. Schauerman will retire at the meeting, and the Board size will be reduced from nine to eight.
The proxy highlights 2025 as an exceptional year and underscores Primoris’ focus on renewables, with $3.0 billion in renewables revenue and $2.6 billion in new renewables project awards. It also details strong safety performance, including a 2025 LTIR of 0.11 and TRIR of 0.53, both well below construction industry averages, and describes extensive governance, compensation, and corporate responsibility practices.
Primoris Services Corporation disclosed that director John P. Schauerman will not stand for re-election and will voluntarily retire from the Board after the 2026 Annual Meeting of Stockholders, expected on April 30, 2026. The company states his decision is not due to any disagreement.
Schauerman previously served in executive roles, including as Chief Financial Officer from February 2008 to February 2009 and has been on the Board since 2016. Primoris does not plan to seek a replacement and expects to reduce the Board size to eight members effective as of the Annual Meeting.
Primoris Services Corp Chief Operating Officer Jeremy Kinch reported several equity award-related transactions on March 1, 2026. He acquired 6,023 restricted stock units through the exercise or conversion of derivative securities and received an additional 2,323 restricted stock units as a new grant at no cash cost.
On the same date, he acquired 6,023 shares of common stock upon settlement of vested restricted stock units and was granted a further 20,290 common shares. To cover tax obligations on these vestings, 10,359 common shares were withheld and disposed of at a reported price of $150.72 per share.
Primoris Services Corp executive John M. Perisich reported equity award activity and related tax withholding. On March 1, 2026, 12,290 restricted stock units vested and were settled into the same number of common shares, and he received new grants of 2,723 restricted stock units and 48,197 shares of common stock under the company’s equity plans. To cover tax obligations on the vested awards, 30,780 shares of common stock were withheld at a price of $150.72 per share. After these transactions, he directly holds 29,707 shares of common stock and 11,958 restricted stock units, and an additional 133,607 shares are held indirectly through the Perisich Family Trust, for which he serves as trustee.
Primoris Services Corp chief financial officer Kenneth Morris Dodgen reported several equity-related transactions. On March 1, 2026, restricted stock units vested and were settled into 10,522 shares of common stock, and an additional 2,140 restricted stock units were granted under the company’s equity plan.
Following these transactions, Dodgen directly owned 101,479 shares of common stock and held 9,397 restricted stock units. A total of 21,001 common shares were withheld at a price of $150.72 per share to satisfy tax obligations related to the RSU and performance stock unit settlements. The newly granted restricted stock units vest 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029.
Primoris Services Corp Chief Accounting Officer Travis Stricker reported multiple equity compensation events on March 1, 2026. Previously granted restricted stock units vested and were settled into 4,758 shares of common stock, while an additional 930 restricted stock units and 2,613 shares of common stock were granted under the company’s equity incentive plan.
To cover tax obligations from the vesting of restricted stock units and performance stock units, 2,904 shares of common stock were withheld at a price of $150.72 per share. After these acquisitions and tax-withholding dispositions, Stricker directly held 10,938 shares of common stock and 3,197 restricted stock units, with the new restricted stock units vesting 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029.
Vadlamudi Koti reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp president and CEO Vadlamudi Koti received a grant of 6,967 restricted stock units on March 1, 2026. These units cost $0.00 per unit and increase his directly held restricted stock units to 14,142 after the award.
Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value of a share on settlement, at the company’s discretion. The award vests over time: 25% on March 1, 2027, 25% on March 1, 2028, and the remaining 50% on March 1, 2029.
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.
Primoris Services Corporation files its annual report describing a large infrastructure services business focused on Utilities and Energy projects across the U.S. and Canada. The company builds and maintains natural gas, electric, communications, industrial, renewable energy and transportation infrastructure, using both long-term master service agreements and project-specific contracts.
The filing highlights customer concentration, seasonality from weather and utility budget cycles, and exposure to economic cycles, climate-related regulation, and government funding for highways. It details competitive pressures, heavy reliance on accurate cost estimates for fixed-price and unit-price work, and the importance of safety, labor availability, bonding, insurance and cyber-security. Management also emphasizes human capital programs and strong safety metrics, with lost-time and recordable incident rates well below construction industry averages in 2025.
Primoris Services Corporation reported strong 2025 results and raised its outlook for 2026. Full-year 2025 revenue grew 19.0% to $7.57 billion and net income rose to $274.9 million, or $5.02 per diluted share, up 52.0% from 2024. Adjusted EBITDA increased 22.0% to $531.1 million, with double‑digit growth in both Utilities and Energy.
Utilities revenue reached $2.69 billion and Energy revenue $5.02 billion, as Utilities improved margins and Energy expanded renewables and industrial work despite lower gross margins. Total backlog at December 31, 2025 was $11.9 billion, including $6.4 billion in Utilities and about $5.5 billion in Energy.
Primoris ended 2025 with $535.5 million in cash and cut long‑term debt to $409.0 million. For 2026, it guides net income of $294.0–$305.0 million, EPS of $5.35–$5.55, Adjusted EPS of $5.80–$6.00, and Adjusted EBITDA of $560–$580 million. The board declared a cash dividend of $0.08 per share, payable around April 15, 2026.