Kinch Jeremy 4

What Happened
Jeremy Kinch, Chief Operating Officer of Primoris Services Corp (PRIM), had 244 restricted stock units (RSUs) vest and convert into 244 shares on April 1, 2026. Of the 244 settled shares, 97 shares were withheld to satisfy tax withholding obligations (97 shares × $143.04 = $13,875) and 147 shares were transferred/gifted to the Kinch Family Trust. There was no open‑market sale of shares; the transaction reflects RSU settlement, tax withholding, and an intra-family transfer.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (no late filing indicated).
• Vesting/settlement: 244 RSUs vested and were settled for 244 shares (derivative conversion).
• Tax withholding: 97 shares withheld at $143.04 per share, total value $13,875 (reported as payment of tax obligation).
• Transfer/gift: 147 shares transferred/gifted to the Kinch Family Trust (reported as gift/transfer). The trust is owned directly by the Kinch Family Trust and indirectly by Jeremy Kinch as trustee (footnote).
• Net effect: 244 vested shares were fully used for withholding and transfer—no net increase in Kinch’s direct share count from this settlement.
• Reporting note: Footnote clarifies that prior reports had 25,534 shares previously transferred to the Kinch Family Trust that were inadvertently reported as directly owned.

Context

• These were RSU settlements (restricted stock units converting to shares), not open‑market purchases or sales. The withholding is a routine tax payment method and the 147‑share transfer/gift to the family trust is not an indication of public market sentiment.