King David Lee 4

What Happened
King David Lee, a director of Primoris Services Corp (PRIM), was granted 166 restricted shares on 2026-02-17 under the company’s non-employee director compensation program. The grant has an indicated total value of $37,500; the filing lists no per‑share price (it states the per‑share price was based on the average closing price in December 2025). The shares cannot be sold for twelve months from the grant date.

Key Details

• Transaction date: 2026-02-17 (Form 4 filed 2026-02-18). Transaction code: A (award/grant).
• Shares granted: 166 restricted shares. Price per share: N/A on the form; total grant value reported as $37,500. Per‑share basis was set using the average closing price in December 2025.
• Post‑transaction holdings: Not specified in the provided filing summary.
• Notable footnotes: Grant was made under the non‑employee director compensation plan (adopted May 2011, updated July 2024). Mr. King’s employment status changed in November 2025, leading to a prorated award. Shares are subject to a 12‑month sale restriction from grant date.
• Timeliness: Filing appears timely (reporting period 2026-02-17; filed 2026-02-18).

Context
This was a compensation grant to a director (not an open‑market purchase), so it typically reflects company compensation policy rather than an immediate buy/sell signal. The 12‑month restriction prevents sale during that period. For retail investors, such awards are routine for directors and do not by themselves indicate insider confidence or lack thereof.