Ching Michael E. 4
4 · Primoris Services Corp · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
Primoris (PRIM) Director Michael E. Ching Receives Restricted Stock Award
What Happened Michael E. Ching, a director of Primoris Services Corp (PRIM), was granted 268 restricted shares on April 30, 2026, under the company's non-employee director compensation program. The grant is reported with a total value of $37,500 (implied price ≈ $139.93/share); the filing lists the per-share price as N/A but notes the grant was calculated using the average closing price in March 2026. The shares cannot be sold for 12 months from the grant date.
Key Details
- Transaction date: 2026-04-30 (Form 4 filed 2026-05-01) — filing appears timely.
- Transaction type/code: Award/Grant (A).
- Shares granted: 268; total reported value: $37,500 (implied ≈ $139.93 per share).
- Sale restriction: Shares cannot be sold for 12 months from grant date (per footnote).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnote: Grant arises from the board-approved non-employee director compensation program (adopted May 2011, updated July 2024).
Context This was a compensation grant to a non-employee director, a routine non-market transaction common for board pay — not an open-market purchase or sale. Because the shares are restricted for 12 months, they cannot be immediately monetized; such awards primarily reflect regular compensation, not necessarily a direct signal of the director’s market view.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-30+268→ 10,398 total
Footnotes (1)
- [F1]The non-employee director compensation program adopted by the Board in May 2011 and updated July 2024, provides for the issuance of restricted stock with a value of $37,500. The price per share was based on the average closing price during March 2026, resulting in a grant of 268 shares of stock. The shares of stock cannot be sold for a period of twelve months from the date of grant.