Form 4: Primoris Services Corp CFO Kenneth Dodgen Reports Stock Transactions

Kenneth Dodgen, CFO of Primoris Services Corp, reports the vesting and settlement of restricted stock units and performance stock units, along with associated tax withholding.

Summary

• Kenneth Dodgen, the CFO of Primoris Services Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 1, 2025, Mr. Dodgen had 8,595 restricted stock units vest and settle into an equal number of shares of PRIM common stock.
• He also acquired 19,533 shares of common stock from the vesting of earned performance stock units.
• 11,070 shares were withheld to satisfy Mr. Dodgen's tax obligations related to the settlement of vested restricted stock units and performance stock units at a price of $71.74.
• Following these transactions, Mr. Dodgen directly owns 69,116 shares of common stock.
• He also acquired 4,495 restricted stock units that vest in installments on March 1 of 2026, 2027, and 2028.
• After the reported transactions, Mr. Dodgen beneficially owns 17,779 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of performance stock units suggests the achievement of certain performance goals within the company.

Future Outlook

The document outlines the vesting schedule for new restricted stock units, indicating future equity-based compensation for the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.

Key Dates