Primoris Services Corp PRIM:NASDAQ

Last Price$19.97Cboe Real-Time Last Sale as of 10:41AM ET 6/26/19
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Today's Change+0.42(2.15%)
Bid (Size)$19.91 (100)
Ask (Size)$19.98 (100)
Day Low / High$19.66 - 19.97
Volume12.3 K

Insider Trends: Insider at Primoris Services Acquires Stock Via Option/Derivative Security, Sells Portion to Pay Tax, Selling Trend Continues

11:19AM ET 4/09/2019 MT Newswires
Thomas Edward McCormick, President, exercised options/derivative securities for 93,018 shares of Primoris Services (PRIM) and sold 36,603 shares in the company for $803,070 to meet tax obligations on Apr 05, 2019. After accounting for tax obligations this transaction resulted in a net acquisition of 56,415 company shares. McCormick, subsequent to the transactions outlined in the SEC Form 4 filing, owns 72,628 company shares, which have a market value of $1.57 million as of the prior-day closing price.

During the most recent 90-day period, prior to the date of this filing, there have been 10 insider transactions reported to the SEC for Primoris Services. These transactions came from the activities of 6 separate insiders that resulted in a net disposition of 464,665 company shares. In the preceding 90-day window of time, there was 1 transaction from 1 insider that culminated in the acquisition of 2,826,798 shares.

This level of insider transactions is lower than the peer group average in the 45-company Construction & Engineering peer group over the last 90-day period. Activity in the peer group averaged 33.6 transactions per company, and disposition of 719 shares on average.

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