King David Lee 4

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.