Dodgen Kenneth Morris 4

What Happened
Kenneth Dodgen, Chief Financial Officer of Primoris Services Corp (PRIM), had equity awards vest and convert into common stock on March 1, 2026. In total 55,504 shares were settled (comprised of restricted stock units and earned performance stock units). To satisfy tax withholding obligations, 21,001 of those shares were withheld at $150.72 per share, generating $3,165,271 in tax withholding; the remaining net increase to his holdings was 34,503 shares. These were award/settlement transactions rather than open-market purchases or voluntary sales.

Key Details

• Transaction date: March 1, 2026 (Form 4 filed March 3, 2026 — appears timely).
• Shares settled/received: 55,504 total (10,522 RSU conversion, 42,842 PSUs settled, plus 2,140 other RSUs noted).
• Shares withheld for taxes: 21,001 at $150.72/share = $3,165,271 (reported as a disposition for tax withholding).
• Net shares added to holdings: 34,503 (55,504 settled − 21,001 withheld).
• Acquisition price: awards/settlements reported at $0 (no cash purchase); withholding was the only cash-related disposition.
• Footnotes: settlements reflect vested restricted stock units and performance stock units; some RSUs remain unvested (vesting schedule noted: 25% Mar 1, 2027; 25% Mar 1, 2028; 50% Mar 1, 2029). Withholding was used to satisfy tax obligations.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
These transactions are routine award settlements and tax-withholdings — not an open-market purchase or discretionary sale. The exercise/conversion entries represent conversion/settlement of derivative awards (RSUs/PSUs) into common stock; the only shares sold/disposed were withheld to cover taxes. Such award vesting events increase insider ownership but do not necessarily signal a buy or sell decision by the insider.