Form 4: Primoris Services Director Receives Restricted Stock Grant

Primoris Services Corp. Director Terry D. McCallister was granted 499 shares of restricted common stock as part of the non-employee director compensation program.

Summary

• Terry D. McCallister, a Director of Primoris Services Corp. (PRIM), was granted 499 shares of common stock.
• The grant occurred on July 30, 2025, as part of the non-employee director compensation program.
• The value of the restricted stock grant was $37,500, with the price per share based on the average closing price during June 2025.
• Following this transaction, McCallister directly owns 20,227 shares and indirectly owns 10,000 shares through the Terry D. McCallister Trust, totaling 30,227 shares.
• The restricted shares cannot be sold for a period of twelve months from the grant date.

Sentiment

Score: 7

Explanation: The filing indicates a routine equity grant to a director, which is generally positive as it aligns insider interests with shareholders and is part of a standard compensation program. There are no negative implications or surprises.

Positives

• Director Terry D. McCallister received 499 shares of restricted common stock, aligning his interests with shareholders.
• The grant is part of a structured non-employee director compensation program, indicating a standard governance practice.
• The shares are restricted for 12 months, demonstrating a commitment to long-term holding by the director.

Negatives

• No specific negatives identified in this routine compensation filing.

Risks

• The value of the restricted stock is subject to market fluctuations of Primoris Services Corp. common stock.
• The inability to sell shares for 12 months from the grant date means the director is exposed to potential price declines during that period.

Future Outlook

The 499 shares of restricted stock granted to Director Terry D. McCallister cannot be sold for a period of twelve months from the grant date of July 30, 2025, indicating a future holding period.

Industry Context

This filing represents a routine insider compensation event within the construction and engineering services industry, where equity grants are common for aligning director interests with company performance. It does not indicate broader industry trends or competitive shifts.

Comparison to Industry Standards

• The grant of restricted stock as part of non-employee director compensation is a standard practice across various industries, including construction and engineering services.
• Companies like Quanta Services (PWR) or MasTec (MTZ) also utilize equity-based compensation to incentivize and retain directors, aligning their financial interests with long-term shareholder value.
• The specific value and number of shares granted are commensurate with director compensation packages at companies of similar size and market capitalization within the sector.

Corporate Governance

Related Party Transactions

• Terry D. McCallister indirectly owns 10,000 shares through the Terry D. McCallister Trust dated 6/14/2013, where he serves as a trustee.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director aligns management interests with shareholder value creation.

Next Steps

• Terry D. McCallister will hold the 499 restricted shares until at least July 30, 2026, due to the 12-month lock-up period.

Key Dates

Keywords

Primoris Services Corp, PRIM, Form 4, Insider Trading, Restricted Stock, Director Compensation, Equity Grant, Beneficial Ownership