Form 4: Primoris Services Corp Director Stephen C. Cook Reports Acquisition of 589 Shares

Director Stephen C. Cook reports acquisition of 589 shares of Primoris Services Corp common stock as part of non-employee director compensation.

Summary

• On April 30, 2025, Stephen C. Cook, a director of Primoris Services Corp, acquired 589 shares of common stock.
• This acquisition was part of the non-employee director compensation program.
• The program, adopted in May 2011 and updated in July 2024, provides for the issuance of restricted stock with a value of $37,500.
• The price per share was based on the average closing price during March 2025.
• The acquired shares cannot be sold for twelve months from the grant date.
• Following the transaction, Cook beneficially owns 7,966 shares of Primoris Services Corp.

Sentiment

Score: 7

Explanation: The document reflects standard corporate governance practices regarding director compensation, which is generally viewed neutrally to positively. The director is incentivized to improve the company's performance.

Positives

• The acquisition reflects ongoing director compensation practices.
• The director compensation program was updated in July 2024, suggesting a commitment to fair compensation.

Future Outlook

The document does not contain specific forward-looking statements beyond the standard terms of the director compensation program.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of director compensation packages in similar-sized publicly traded companies.
• Companies like Fluor Corporation and KBR, which operate in related industries, also utilize stock-based compensation for their board members.
• The value of the grant ($37,500) appears to be within the typical range for non-employee director compensation at companies of similar market capitalization.

Stakeholder Impact

• The stock acquisition aligns the director's interests with those of shareholders.
• The restricted nature of the stock grant encourages long-term focus.

Key Dates

Keywords

Primoris Services Corp, Stephen C. Cook, Director, Stock Acquisition, Non-Employee Director Compensation, Restricted Stock, Beneficial Ownership, PRIM