Form 4: Primis Financial EVP Acquires Shares & RSUs

Primis Financial Corp.'s EVP and President, Rickey Allen Fulk, acquired 5,250 shares of common stock and 12,250 performance-based restricted stock units.

Summary

• Rickey Allen Fulk, Executive Vice President and President of Primis Financial Corp. (FRST), reported transactions on December 18, 2025.
• Acquired 5,250 shares of common stock as restricted stock, which will vest in three annual installments.
• Acquired 12,250 performance-based restricted stock units (RSUs) at a price of $0, with a vesting and expiration date of March 15, 2028.
• Following these transactions, Mr. Fulk beneficially owns a total of 15,777 shares of common stock.
• The common stock beneficial ownership includes 941 shares held jointly with a spouse, 1,626 shares held in an IRA for Mr. Fulk's benefit, and the 5,250 newly acquired restricted shares.
• Mr. Fulk's total beneficial ownership of performance-based restricted stock units is now 22,250 units.

Sentiment

Score: 7

Explanation: The acquisition of shares and performance-based restricted stock units by a key executive is generally viewed as a positive signal, indicating confidence in the company's future and aligning management's interests with shareholders.

Positives

• Increased insider ownership by a key executive, Rickey Allen Fulk, through the acquisition of 5,250 restricted common shares and 12,250 performance-based restricted stock units.
• The grant of restricted stock and RSUs aligns management's interests with long-term shareholder value, as vesting is tied to future performance and time.

Future Outlook

The acquisition of restricted stock and performance-based restricted stock units with future vesting dates indicates a long-term incentive structure for the executive, aligning their future compensation with the company's performance and stock appreciation over time.

Industry Context

Executive compensation packages often include equity awards like restricted stock and restricted stock units to incentivize long-term performance and align management's interests with shareholders. This is a standard practice in the financial services industry to retain key talent and drive strategic objectives.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through equity-based compensation.
• Employees: May signal stability and confidence in leadership.

Next Steps

• Vesting of 5,250 restricted common shares in three annual installments.
• Vesting of 12,250 performance-based restricted stock units on March 15, 2028.

Key Dates

Keywords

Primis Financial Corp, FRST, Insider Trading, Executive Compensation, Restricted Stock, Restricted Stock Units, SEC Form 4, Beneficial Ownership