Schauerman John P. 4

What Happened John P. Schauerman, a non-employee director of Primoris Services Corp (PRIM), was granted 294 restricted shares on February 17, 2026 as part of the company's non-employee director compensation program. The grant has a stated value of $37,500 (implying an approximate per-share value of $127.55 based on the total grant value). The shares cannot be sold for 12 months from the grant date. The Form 4 reports this transaction as an award/grant (transaction code A).

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (timely).
• Security: Common stock — 294 shares granted; price per share listed as N/A on the Form 4; total grant value $37,500 (per footnote).
• Shares subject to a 12-month sale restriction from the grant date.
• Grant made under the non-employee director compensation program adopted May 2011 and updated July 2024.
• Shares are held by the Schauerman Family Trust (John P. Schauerman & Claudia H. Schauerman TR UA 08/12/10) per the filing footnote.
• Transaction type: Award/Grant (A). No sale, purchase, option exercise, or tax-withholding reported.

Context This is a routine director compensation award rather than an open-market purchase or sale. Restricted stock grants to non-employee directors are commonly used as compensation and are subject to holding restrictions (here, 12 months), so they do not necessarily signal a change in insider sentiment.