King David Lee 4
4 · Primoris Services Corp · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Primoris (PRIM) Director King David Lee Receives 21,774 Shares
What Happened
- King David Lee, a director of Primoris Services Corp (PRIM), had 21,774 restricted stock units (RSUs vest) on April 1, 2026. The RSUs converted into 21,774 shares of PRIM common stock. To cover tax withholding, 8,569 of those shares were surrendered at $143.04/share for a tax withholding value of $1,225,710, leaving a net 13,205 shares delivered to him.
Key Details
- Transaction date: April 1, 2026.
- Primary action: RSU settlement (reported as derivative conversion, code M).
- Shares settled: 21,774; Shares withheld for taxes: 8,569 at $143.04/share = $1,225,710 (reported as code F for tax withholding).
- Net shares received: 13,205 (21,774 − 8,569).
- Footnotes: F1 — each RSU converts to one share on settlement; F2 — withholding of common stock to satisfy tax obligation (share-withholding).
- Filing timeliness: Reported on April 1, 2026 (no late filing indicated).
- Shares owned after transaction: Not specified in the provided filing details.
Context
- This was an RSU vesting and settlement event (an award being paid out), not an open-market purchase or sale. The withholding of shares to cover taxes is a routine "sell-to-cover" type action and does not by itself indicate a change in insider sentiment.
Insider Transaction Report
Form 4
King David Lee
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-01+21,774→ 43,242 total - Tax Payment
Common Stock
[F2]2026-04-01$143.04/sh−8,569$1,225,710→ 34,673 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-01−21,774→ 0 total→ Common Stock (21,774 underlying)
Footnotes (2)
- [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 April 1, 2026, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
- [F2]Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
Signature
/s/ Kenneth M. Dodgen, Attorney-in-Fact|2026-04-01