Kinch Jeremy 4

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.