King David Lee 4

What Happened

• King David Lee, a director of Primoris Services Corp (PRIM), was granted 268 shares of restricted common stock under the company's non-employee director compensation program on 2026-04-30. The grant is recorded as an award (Form 4 code A) and is valued at $37,500.
• No per-share price is shown in the Form 4 (price listed as N/A); the filing’s footnote says the $37,500 value was based on the average closing price during March 2026. The awarded shares cannot be sold for a period of 12 months from the grant date.

Key Details

• Transaction date: 2026-04-30 (reported on Form 4 filed 2026-05-01) — filed timely.
• Transaction type/code: Award/Grant (A).
• Shares granted: 268; reported aggregate value: $37,500 (per-footnote valuation).
• Price per share on the Form 4: N/A (valuation based on March 2026 average closing price).
• Shares owned after transaction: Not specified in this filing.
• Notable footnote: Grant made under the non-employee director compensation program (adopted May 2011; updated July 2024); 12-month sale restriction applies.
• No 10b5-1 plan, tax withholding, or late filing indicated.

Context

• This is a compensatory grant to a non-employee director (routine board compensation), not an open-market purchase or sale. Such awards reflect standard director pay and are not a direct buy/sell signal.