Schauerman John P. 4

What Happened

• John P. Schauerman, a Primoris Services Corp. (PRIM) director, was granted 268 restricted shares on 2026-04-30 under the company’s non-employee director compensation program. The grant has a reported total value of $37,500 (implied per-share value ≈ $139.93 based on the grant value). The shares cannot be sold for 12 months from the grant date.

Key Details

• Transaction date: 2026-04-30; Form 4 filed with the SEC on 2026-05-01.
• Transaction type: Award/Grant of restricted stock (code A).
• Shares granted: 268; total grant value: $37,500; price per share based on average closing price in March 2026 (per footnote).
• Sale restriction: Shares are restricted from sale for 12 months from grant date (footnote F1).
• Ownership after transaction: Not specified in the provided summary; the filing notes existing holdings are held by the Schauerman Family Trust (footnote F2).
• Filing notes: This appears to be a routine director compensation grant (see footnotes for plan details).

Context

• This is a standard non-employee director equity award (compensation), not an open‑market purchase or sale. Such grants are common for board members and are typically used to align director and shareholder interests; the 12‑month restriction prevents immediate resale.