Moreno John F JR 4
4 · Primoris Services Corp · Filed Mar 2, 2021
Insider Transaction Report
Form 4
Moreno John F JR
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2021-02-28+1,914→ 1,914 total - Exercise/Conversion
Restricted Stock Units
2021-02-28−1,914→ 28,006 total→ Common Stock (1,914 underlying) - Tax Payment
Common Stock
2021-02-28$33.47/sh−466$15,597→ 1,448 total - Award
Restricted Stock Units
2021-03-01+11,796→ 39,802 total→ Common Stock (11,796 underlying)
Footnotes (4)
- [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.
- [F2]The restricted stock units vest in three equal annual installments on each of the first through third anniversaries of the grant date, subject to accelerated vesting upon the reporting person's termination without cause, death, disability, or a change in control of the Company.
- [F3]Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
- [F4]The restricted stock units vest ratably over three years from the date of grant.