Form 4: Primoris Services Director Transfers Shares to Family Trust, Retains Beneficial Ownership

Primoris Services Corporation Director Patricia K. Wagner transferred 14,006 shares of common stock to a family trust for no consideration, maintaining beneficial ownership.

Summary

• Primoris Services Corporation (PRIM) Director Patricia K. Wagner reported a change in beneficial ownership of common stock.
• On June 11, 2025, Ms. Wagner transferred 14,006 shares of PRIM common stock to the Wagner Family Trust dated March 24, 2008.
• The transfer was made for no consideration, with a reported price of $0 per share.
• Following the transaction, Ms. Wagner directly owns 2,357 shares and indirectly owns 17,371 shares through the Wagner Family Trust, resulting in a total beneficial ownership of 19,728 shares.
• Ms. Wagner remains the beneficial owner of the securities held by the trust, as she is the trustee and she and her immediate family are the sole beneficiaries.

Sentiment

Score: 7

Explanation: The transaction is an internal transfer of shares to a family trust for estate planning purposes, with the reporting person retaining beneficial ownership. This is a neutral event with no negative implications for the company or its stock price.

Positives

• The transfer of shares to a family trust for no consideration indicates a long-term estate planning strategy rather than a divestment of ownership.
• The reporting person, Patricia K. Wagner, retains beneficial ownership of the transferred shares, demonstrating continued alignment with shareholder interests.

Negatives

• No direct negative implications for the company or its shareholders are apparent from this internal transfer of shares.

Risks

• No new risks to the company's operations or financial health are indicated by this insider transaction.

Management Comments

• The reporting person transferred 14,006 shares of PRIM common stock to the Wagner Family Trust dated March 24, 2008 for no consideration.
• The reporting person is the trustee of the trust, and the reporting person and members of her immediate family are the sole beneficiaries of the trust.
• The reporting person remains the beneficial owner of the securities held by the trust.

Industry Context

This Form 4 filing details an internal transfer of shares by a director, which is a routine disclosure for insider holdings and does not reflect broader industry trends or competitive dynamics.

Related Party Transactions

• Transfer of 14,006 shares of common stock to the Wagner Family Trust, where the reporting person is the trustee and she and her immediate family are the sole beneficiaries.

Stakeholder Impact

• Shareholders: No direct impact on the company's operations or financial performance; beneficial ownership of shares remains with the director.
• Employees, Customers, Suppliers, Creditors: No discernible impact from this internal share transfer.

Key Dates

Recommendation

Keywords

Primoris Services Corp, PRIM, Form 4, Insider Transaction, Beneficial Ownership, Stock Transfer, Family Trust, Corporate Governance, Director Holdings