Ching Michael E. 4

What Happened Michael E. Ching, a director of Primoris Services Corp (PRIM), received a restricted stock award of 294 shares on February 17, 2026. The award has an aggregate value of $37,500 (implied price ≈ $127.55/share based on the grant value). This was an equity award (not an open-market purchase or sale) and the shares are subject to a 12‑month sale restriction.

Key Details

• Transaction type: Award/Grant (Form 4 code A) on 2026-02-17; Form 4 filed 2026-02-18 (timely).
• Shares granted: 294 restricted shares; reported price listed as N/A on the Form 4; footnote states grant value $37,500.
• Implied per-share value: ≈ $127.55 (calculated from $37,500 / 294).
• Selling restrictions: Shares cannot be sold for 12 months from the grant date.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Grant size is set by the company’s non-employee director compensation program (adopted May 2011, updated July 2024) and the per-share price was based on the average closing price in December 2025.

Context Director restricted stock grants are a common form of non-employee director compensation and do not necessarily signal an insider buying or selling for investment reasons. Because the award is restricted for 12 months, the shares cannot be immediately sold; this is a typical retention and compensation mechanism rather than a market-timing trade.