Primoris (PRIM) Director Harpreet Saluja Receives Restricted Stock Award

What Happened

• Harpreet Saluja, a non-employee director of Primoris Services Corp (PRIM), was granted 356 restricted shares on July 31, 2026 as part of the company’s director compensation program. The grant is reported as an award (Form 4 transaction code A) with a total stated value of $37,500. The filing notes the per-share price was based on the average closing price during June 2026 (implied price ≈ $105.34/share). The shares cannot be sold for 12 months from the grant date.

Key Details

• Transaction date: 2026-07-31
• Transaction type/code: Award/Grant (A)
• Shares granted: 356 shares; total grant value: $37,500; implied price ≈ $105.34/share
• Sale restriction: Shares cannot be sold for 12 months from grant date
• Shares owned after transaction: Not disclosed in the filing
• Footnote: Grant made under the non-employee director compensation program (adopted May 2011; updated July 2024)
• Filing timeliness: No late-filing flag indicated (filed with report date 2026-07-31)

Context

• This was a routine director compensation award, not an open-market purchase or sale. Such grants are common for non-employee directors and are primarily a compensation item rather than a direct signal of the director’s trading view. Restricted shares (with a 12-month holding period) limit near-term liquidity.