Patricia K. Wagner has recently acquired 571 shares of common stock in Primoris Services Corp, as reported in a filing with the SEC. This acquisition, dated October 30, 2026, signifies Wagner's continued investment in the company and her role as a director.
Primoris Services Corp, based in Dallas, Texas, operates within the construction sector, specifically focusing on water, sewer, pipeline, and power line construction. The company is publicly traded under the ticker symbol PRIM and has been active in the market with various filings, including recent reports on share acquisitions.
The filing indicates that Wagner’s recent purchase brings her total ownership of common stock to 1,791 shares. Following this transaction, she holds a total of 6,736 shares indirectly through the Wagner Family Trust, which was established on March 24, 2008. The shares acquired cannot be sold for a period of twelve months due to the non-employee director compensation program, which was updated in July 2026.
Wagner's acquisition may impact stakeholders within the construction industry, particularly those involved in water and pipeline services. As a director, her investment decisions could influence the company's strategic direction and investor confidence.
The filing does not specify any immediate next steps following this acquisition.
Details of the Acquisition
The acquisition of 571 shares was made under the non-employee director compensation program, which was originally adopted by the Board in May 2011 and recently updated in July 2026. This program allows for the issuance of restricted stock, with a total value of $42,500, based on the average closing price during June 2026. These shares are subject to a twelve-month holding period from the date of grant, meaning they cannot be sold until after that time.
Ownership Structure
In addition to her direct ownership of 1,791 shares, Wagner also holds 6,736 shares indirectly through the Wagner Family Trust, which was established on March 24, 2008. This trust structure indicates a significant level of investment and commitment to Primoris Services Corp, reinforcing her influence as a director.
Company Background
Primoris Services Corp, incorporated in Delaware, is categorized under the Standard Industrial Classification of water, sewer, pipeline, and power line construction. It operates from its business address at 2300 N. Field Street, Suite 1900, Dallas, TX, and has a fiscal year that ends on December 31.
The filing does not include information on any potential future transactions or strategic plans related to Wagner's recent share acquisition.
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