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 subsequent tax withholding.

Summary

• On June 29, 2024, Kenneth Dodgen, the CFO of Primoris Services Corp, had restricted stock units vest and settle for 8,904 shares of PRIM common stock.
• The CFO also had 3,504 shares withheld to satisfy tax obligations related to the settlement of the vested restricted stock units at a price of $49.89 per share.
• Following these transactions, Dodgen directly owns 52,058 shares of Primoris Services Corp common stock.
• Dodgen also owns 21,879 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider activity, but the overall effect is likely negligible.

Key Dates