Form 4 for PRIM Primoris Services Corp
Accepted 2023-07-03 00:00:00 ET · period of report 2023-03-01 · accession 0001415889-23-010606 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-07-03 | 2023-06-29 | PRIM | Perisich John M. | CLO | F - Tax | $30.60 | -1,027 | 164.4K | -0.6% | -$31.4K |
| DI | 2023-07-03 | 2023-06-29 | PRIM | Perisich John M. | CLO | M - OptEx | — | +2,969 | 165.4K | +2% | — |
| D | 2023-07-03 | 2023-03-01 | PRIM | Perisich John M. | CLO | A - Grant | $0.00 | +7,910 | 38.8K | +26% | $0 |
| D | 2023-07-03 | 2023-06-29 | PRIM | Perisich John M. | CLO | M - OptEx | $0.00 | -2,969 | 35.9K | -8% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-06-29 | F | D | 1,027 | $30.60 | 164,419 | I Family Trust | — | — | (F2) 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 Officer at Primoris. |
| 2 | Common | Common Stock | 2023-06-29 | M | A | 2,969 | — | 165,446 | I Family Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion. On June 29, 2023, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock. (F2) 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 Officer at Primoris. |
| 3 | Derivative | Restricted Stock Units | 2023-03-01 | A | A | 7,910 | $0.00 | 38,834 | D | — · — to — | 7,910 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion. (F5) The restricted stock units vest 25% on March 1, 2024, 25% on March 1, 2025, and 50% on March 1, 2026. |
| 4 | Derivative | Restricted Stock Units | 2023-06-29 | M | D | 2,969 | $0.00 | 35,865 | D | — · — to — | 2,969 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion. On June 29, 2023, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock. |