Form 4: Primoris Director Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Primoris Services Corp. Director Patricia K. Wagner sold 13,491 shares of common stock for approximately $1.69 million through a pre-planned trading arrangement.
Summary
- Patricia K. Wagner, a Director of Primoris Services Corp. (PRIM), reported a sale of common stock.
- The transaction involved the disposition of 13,491 shares of common stock.
- The shares were sold on November 7, 2025, at an average price of $125.2283 per share.
- The total value of the shares sold is approximately $1,689,399.99.
- The sale was conducted pursuant to a Rule 10b5-1(c) pre-planned trading arrangement.
- Following the transaction, Patricia K. Wagner directly beneficially owns 2,543 shares of common stock.
- Additionally, 4,495 shares are indirectly beneficially owned by Patricia K. Wagner through the Wagner Family Trust dated March 24, 2008.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of an insider stock sale under a pre-planned trading arrangement (Rule 10b5-1), which is neutral in sentiment. It does not indicate positive or negative developments for the company's operations or future prospects.
Future Outlook
The filing does not contain any forward-looking statements or guidance beyond the scheduled transaction date.
Industry Context
This filing is a routine disclosure of an insider stock transaction, specifically a pre-planned sale by a director. Such transactions are common and typically do not reflect a change in the company's strategic direction or immediate financial health, especially when executed under a Rule 10b5-1 plan.
Related Party Transactions
- Patricia K. Wagner indirectly beneficially owns 4,495 shares through the Wagner Family Trust dated March 24, 2008.
Stakeholder Impact
- Shareholders: The sale represents a minor reduction in a director's direct holdings, but the pre-planned nature (10b5-1) suggests it's not based on new material non-public information. The overall impact on shareholder confidence is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 11/07/2025 | Date of earliest transaction (sale of 13,491 shares of common stock). |
| 11/12/2025 | Date the Form 4 was signed by Kenneth M. Dodgen, Attorney-in-Fact. |
Keywords
Primoris Services Corp, PRIM, Form 4, insider trading, stock sale, director, Patricia K. Wagner, 10b5-1 plan
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