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).
Chief Legal Officer sold 11.6K shares of PRIM at $111.51; stock at 52-week highs (+29.9% in 30d, +50.2% in 90d)
John M. Perisich, Chief Legal and Admin Officer, sold 11,607 shares of Primoris Services Corp at $111.51 on 2025-08-11, reducing his position from 145.2K to 133.6K shares (a -8.0% reduction). The sale occurred near the 52-week high ($114.59) with the stock at $113.41 currently, and follows a period of strong momentum: +29.9% over 30 days and +50.2% over 90 days. This is the fourth transaction in five days (four prior sales on 2025-08-06 plus this sale), suggesting systematic liquidation at elevated valuations. His cross-ticker sell track record shows 7 prior open-market sales with a 0.00% well-timed rate at the 90-day mark, indicating his prior sells have generally not preceded subsequent declines. Investors should monitor whether this concentrated selling pattern at the stock's highs represents a change in conviction or an opportunistic reduction during a period of exceptional price appreciation.
PRIM CLAO John Perisich sells entire 15.7K share position for $1.7M at $109.90 avg on 2025-08-06
John M. Perisich, Chief Legal and Admin Officer, executed 5 separate sales on 2025-08-06 totaling 15,695 shares for $1,724,824.61, reducing his holdings to 0 shares (100% liquidation). The blended average price of $109.90 occurred at the stock's 52-week high of $111.18, with the stock up 31.4% over the prior 30 days and 62.8% over the prior 90 days. His prior sale at PRIM on 2024-05-13 posted a 90d return of +5.9%, and his cross-ticker track record shows mixed timing outcomes (50% well-timed rate across 2 prior sells with avg 90d return of +0.3%). The complete exit by a C-suite officer after substantial recent appreciation, combined with the execution spanning multiple price points within a single day, signals a meaningful reduction in his capital deployment in the company.
