Kinch Jeremy 4

4 · Primoris Services Corp · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Primoris (PRIM) COO Jeremy Kinch Receives 28,636 Shares; 10,359 Withheld

What Happened

Jeremy Kinch, Chief Operating Officer of Primoris Services Corp (PRIM), had restricted stock units (RSUs) and earned performance stock units (PSUs) vest and settle on March 1, 2026. The filing shows acquisition/settlement of a total of 28,636 shares (combination of RSU and PSU conversions/grants) and the withholding (disposition) of 10,359 shares to satisfy tax obligations. The withheld shares were valued at $150.72 each, totaling $1,561,308. This was not an open-market buy or sale but the settlement of equity awards.

Key Details

Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
Principal actions and codes: A = Award/Grant (20,290 and 2,323 shares), M = Exercise/conversion of derivative (6,023 shares), F = Withholding to cover taxes (10,359 shares).
Withholding value: 10,359 shares × $150.72 = $1,561,308 (reported as disposed under F code).
Shares acquired on settlement: 28,636 (aggregate of listed awards/conversions). Shares owned after the transaction: not specified in the filing.
Footnotes: RSUs represent a right to one share at settlement (vested and settled on 3/1/2026); PSUs vested and converted to common stock; shares were withheld to cover tax withholding. Some remaining RSUs have future vesting schedule (25% on 3/1/2027, 25% on 3/1/2028, 50% on 3/1/2029).
Filing timeliness: Form filed 3/3/2026 for 3/1/2026 transactions (no late filing indicated in the report).

Context

This transaction is a routine settlement of equity awards (RSUs/PSUs) rather than an open-market purchase or sale. The withholding of shares (F-code) to cover taxes is common and reduces the net new shares received by the insider. The M-code entries reflect conversion/exercise of equity awards into shares rather than a cash purchase; one M entry shows a $0 exercise price, consistent with conversion/settlement of awards.

Form 4

Period: 2026-03-01

CHIEF OPERATING OFFICER

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-01+6,023→ 15,603 total
Award
Common Stock
[F2]
2026-03-01+20,290→ 35,893 total
Tax Payment
Common Stock
[F3]
2026-03-01$150.72/sh−10,359$1,561,308→ 25,534 total
Exercise/Conversion
Restricted Stock Units
[F1]
2026-03-01−6,023→ 7,138 total
→ Common Stock (6,023 underlying)
Award
Restricted Stock Units
[F4][F5]
2026-03-01+2,323→ 9,461 total
→ Common Stock (2,323 underlying)

Footnotes (5)

[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]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.
[F5]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

1 file