Stricker Travis 4

What Happened
Travis Stricker, Chief Accounting Officer of Primoris Services Corp (PRIM), had equity awards and derivative instruments settle on March 1, 2026, resulting in the acquisition of 8,301 shares. To satisfy tax obligations on the settlement, 2,904 shares were withheld (disposed) at a reported per-share value of $150.72, totaling $437,691. The transactions reflect vesting/settlement of restricted stock units and performance stock units rather than an open-market sale.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (no late filing indicated).
• Shares acquired via settlement/conversion: 4,758 (derivative/option exercise/conversion), 2,613 (performance stock units), and 930 (award/RSU) — total 8,301 shares acquired.
• Shares withheld to satisfy taxes (code F): 2,904 shares at $150.72 per share = $437,691.
• Some derivative entries show both acquisition and disposition at $0, consistent with conversion/settlement mechanics.
• Footnotes: vesting/settlement of restricted stock units (RSUs) and earned performance stock units (PSUs); withholding used to cover tax liability; certain RSUs have future vesting schedules (25%/25%/50% on 3/1/27, 3/1/28, 3/1/29).
• Shares owned after the reported transactions are not specified in the filing.

Context
These transactions are routine settlement and tax-withholding events tied to vested RSUs/PSUs and conversions of derivatives. Withholding shares to cover taxes is a common corporate practice and is not the same as an open-market sale that could imply a change in insider sentiment. The filing shows the mechanics (exercise/conversion and withholding) but does not indicate an independent cash sale by the insider.