PRIM Primoris Services Corp

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2022: $3M, Q3 2023: $3M, Q3 2020: $3M, Q3 2021: $3M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $3M vs trailing avg $3M (+0%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $10M / FCF $34M = 30% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 554,400 shares = 1.0% of 53,740,729 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

2 open-market purchases by 1 insiders

• MCCALLISTER TERRY D () bought 12 shares at $138.00 on 2026-01-15
• MCCALLISTER TERRY D () bought 12 shares at $140.69 on 2025-10-15

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $4M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 1184.0x more than bought. 2 C-suite officers among sellers

• King David Lee (INTERIM PRESIDENT & CEO) sold 3,500 shares on 2025-11-10
• Kinch Jeremy (CHIEF OPERATING OFFICER) sold 3,006 shares on 2025-09-15