Perisich John M. 4
4 · Primoris Services Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Primoris (PRIM) Chief Legal Officer John Perisich Receives Award
What Happened John M. Perisich, Chief Legal and Administrative Officer of Primoris Services Corp (PRIM), had restricted stock units (RSUs) and performance stock units (PSUs) vest and settle on March 1, 2026. The filing shows a gross settlement of 63,210 shares (48,197 + 12,290 + 2,723). To satisfy tax withholding obligations, 30,780 shares were withheld/disposed at $150.72 per share, generating $4,639,162. Net shares added to his holdings from this settlement were approximately 32,430 shares.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
- Gross shares settled: 63,210 shares (combination of vested RSUs and PSUs).
- Tax withholding: 30,780 shares withheld at $150.72/share for $4,639,162 (reported as disposition code F).
- Net shares retained from settlement: ~32,430 shares (63,210 − 30,780).
- Footnotes: RSUs settled for one share each (F1/F5); PSUs vested and converted to common stock (F2); shares withheld to satisfy tax obligations (F3); some shares are held via the Perisich Family Trust (F4).
- Future vesting: remaining restricted stock units have a schedule of 25% on 3/1/2027, 25% on 3/1/2028, and 50% on 3/1/2029 (F6).
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
Context
- This was not an open-market sale or purchase; it was the routine settlement of equity awards upon vesting. Withholding of shares to cover tax liabilities is common and does not necessarily indicate a change in sentiment.
- The filing includes derivative-related entries (exercise/conversion of awards) tied to the vesting/settlement process; some entries are reported at $0 because they reflect conversion of contingent award rights rather than a cash purchase.
Insider Transaction Report
Form 4
Perisich John M.
CHIEF LEGAL AND ADMIN OFFICER
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-01+12,290→ 12,290 total - Award
Common Stock
[F2]2026-03-01+48,197→ 60,487 total - Tax Payment
Common Stock
[F3]2026-03-01$150.72/sh−30,780$4,639,162→ 29,707 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-01−12,290→ 9,235 total→ Common Stock (12,290 underlying) - Award
Restricted Stock Units
[F5][F6]2026-03-01+2,723→ 11,958 total→ Common Stock (2,723 underlying)
Holdings
- 133,607(indirect: By Trust)
Common Stock
[F4]
Footnotes (6)
- [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 March 1, 2026, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
- [F2]These shares represent the acquisition of common stock resulting from the vesting of earned performance stock units issued under an equity incentive plan of the Company.
- [F3]Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units and performance stock units.
- [F4]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.
- [F5]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 theCompany's discretion.
- [F6]The restricted stock units vest 25% on March 1, 2027, 25% on March 1, 2028, and 50% on March 1, 2029.
Signature
/s/ Kenneth M. Dodgen, Attorney-in-Fact|2026-03-03