PRIM Primoris Services Corp Insider Trading

Chief Legal Officer John M. Perisich liquidates entire 29.7K share position at PRIM in 6 sales for $3.8M; stock down -24.3% in 30 days.

John M. Perisich, Chief Legal and Administrative Officer at Primoris Services Corp, executed 6 separate sales on 2026-05-28 totaling 29,707 shares for $3,798,225.29, reducing his holdings from 29.7K shares to zero. The blended average sale price of $127.86 sits above the current price of $125.78, but the stock has declined -24.3% over the prior 30 days and -38.8% from its 52-week high of $205.50, raising questions about the signal timing relative to recent price momentum. At the same ticker, Perisich's prior 5 sales (all in August 2025) each showed positive 90-day returns ranging from 6.0% to 12.5%, meaning the stock subsequently rose after every prior sale—a pattern indicating his prior exits were poorly timed for capturing downside protection. The complete liquidation of a C-suite officer's full position is material in terms of confidence signaling, particularly given the elevated valuation (P/E of 27.52) and the magnitude of capital being exited ($3.8M).

Director David Lee King sells 20,000 shares (57.2% of holdings) at $119.09 avg; stock down 25.1% in 30 days, down 38.4% from 52-week high.

David Lee King sold 20,000 shares across 3 separate transactions on 2026-05-26 for a blended average of $119.09, representing a reduction of 57.2% of his pre-transaction holdings from 34,941 shares to 14,941 shares. The timing of this substantial divestiture coincides with a pronounced downturn: the stock has declined 25.1% over the prior 30 days and 38.4% from its 52-week high of $205.50, trading currently at $126.61. The company remains fundamentally intact with $1.6B in quarterly revenue and 19.0% annual revenue growth, but the combination of a large director stake reduction during a steep drawdown warrants investor attention to whether this signals a material shift in insider perspective on the stock's prospects.