Form 4: Primoris Services Corp Executive Sells Shares
SEC Form 4 Filing
John M. Perisich, Chief Legal and Administrative Officer of Primoris Services Corp, sold 4,391 shares of common stock at an average price of $55.331 per share.
Summary
- On September 13, 2024, John M. Perisich, Chief Legal and Administrative Officer of Primoris Services Corp, sold 4,391 shares of common stock.
- The shares were sold at a price of $55.331 per share.
- Following the transaction, Mr. Perisich directly owns 0 shares and indirectly owns 145,214 shares through a family trust.
- The sale was executed under Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction without any indication of positive or negative implications for the company.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but it's a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| July 11, 2007 | Date of the Perisich Family Trust |
| 09/13/2024 | Date of the stock sale transaction |
| 09/16/2024 | Date of signature on the Form 4 filing |
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