Primoris Services Corp — Director's Dealing 2023

Mar 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Primoris Services Corp (PRIM)
CIK: 0001361538
Period of Report: 2023-02-28

Reporting Person: Perisich John M. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-28	Common Stock	M	2494	—	Acquired	158804	Indirect
2023-02-28	Common Stock	F	863	$27.50	Disposed	157941	Indirect
2023-03-01	Common Stock	M	6935	—	Acquired	164876	Indirect
2023-03-01	Common Stock	F	2399	$27.32	Disposed	162477	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-28	Restricted Stock Units	$	M	2494	Disposed		Common Stock (2494)	Direct
2023-03-01	Restricted Stock Units	$	M	6935	Disposed		Common Stock (6935)	Direct
2023-03-01	Restricted Stock Units	$	A	8864	Acquired		Common Stock (8864)	Direct

Footnotes

F1: 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 February 28, 2023, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.

F2: These shares are owned directly by the Perisich Family Trust dated July 11, 2007 and indirectly by John M. Perisich, as trustee of the trust. Mr. Perisich is Chief Legal Officer of Primoris.

F3: Withholding of common stock to satisfy reporting person's tax obligation upon the settlement of vested restricted stock units.

F4: 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 March 1, 2023, the restricted stock units vested and were settled for an equal number of shares of PRIM common stock.

F5: 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.

F6: The restricted stock units vest 25% on March 1, 2024, 25% on March 1, 2025, and 50% on March 1, 2026.