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Primoris (PRIM) director King settles 21,774 RSUs, 8,569 shares withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Primoris Services Corp director David Lee King reported the vesting and settlement of restricted stock units into common shares. On April 1, 2026, 21,774 restricted stock units converted into an equal number of Primoris common shares. To cover related tax obligations, 8,569 common shares were withheld by the company. After these compensation and tax-withholding entries, King directly holds 34,673 shares of common stock, and the reported restricted stock unit award has been fully settled.

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Insider King David Lee
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 21,774 $0.00 --
Exercise Common Stock 21,774 $0.00 --
Tax Withholding Common Stock 8,569 $143.04 $1.23M
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 43,242 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion. On April 1, 2026, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock. Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
RSUs exercised 21,774 units Restricted stock units vested and settled on April 1, 2026
Shares from RSU settlement 21,774 shares Common stock received upon RSU settlement
Tax-withheld shares 8,569 shares Common stock withheld to satisfy tax obligation
Tax withholding price $143.04 per share Price reported for shares withheld for taxes
Shares held after transactions 34,673 shares Direct common stock ownership after Form 4 transactions
Remaining RSUs 0 units Restricted stock units following settlement
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of PRIM common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligation financial
"Withholding of common stock to satisfy reporting person's tax obligation upon the settlement"
contingent right financial
"represents a contingent right to receive one share of PRIM common stock or the cash value thereof"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
King David Lee
(Last)(First)(Middle)
C/O PRIMORIS SERVICES CORPORATION
2300 N. FIELD STREET, SUITE 1900
(Street)
DALLAS TEXAS 75201
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Primoris Services Corp [ PRIM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/01/2026M21,774A(1)43,242D
Common Stock04/01/2026F(2)8,569D$143.0434,673D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/01/2026M21,774 (1) (1)Common Stock21,774$00D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion. On April 1, 2026, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.
2. Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.
/s/ Kenneth M. Dodgen, Attorney-in-Fact04/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Primoris Services Corp (PRIM) disclose for David Lee King?

Primoris reported that director David Lee King had 21,774 restricted stock units vest and settle into the same number of common shares, with a portion of those shares withheld to satisfy tax obligations related to the settlement event.

How many Primoris (PRIM) shares came from David Lee King’s restricted stock units?

A total of 21,774 restricted stock units vested for David Lee King and were settled into 21,774 shares of Primoris common stock. Each restricted stock unit represented a contingent right to receive one share or its cash value at settlement.

How many Primoris (PRIM) shares were withheld for David Lee King’s taxes?

Primoris withheld 8,569 common shares from David Lee King to satisfy his tax obligations upon settlement of the vested restricted stock units. The withheld shares are reported at a price of $143.04 per share for this tax-withholding disposition.

What are David Lee King’s Primoris (PRIM) holdings after this Form 4 transaction?

Following the vesting, settlement, and tax-withholding entries, David Lee King directly holds 34,673 shares of Primoris common stock. The reported restricted stock unit award shows zero remaining units after being fully converted into common shares on the transaction date.

Was David Lee King’s Primoris (PRIM) Form 4 a market sale or a tax withholding?

The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares labeled with transaction code "F" were withheld by the company to cover exercise-related tax liabilities when the restricted stock units vested and settled into common shares.