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%+. Bear: negative FCF or no buybacks.

Negative FCF ($-108M), buybacks not supported by cash flow

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

Repurchased 277,200 shares = 0.5% of 54,045,067 outstanding (annualized)

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

3 open-market purchases by 1 insiders

• MCCALLISTER TERRY D () bought 10 shares at $164.40 on 2026-04-15
• 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 both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters and 3 insider purchases by 1 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net buying)

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 2270.1x more than bought. 3 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
• Perisich John M. (CHIEF LEGAL AND ADMIN OFFICER) sold 11,607 shares on 2025-08-11
• Perisich John M. (CHIEF LEGAL AND ADMIN OFFICER) sold 682 shares on 2025-08-06
• Perisich John M. (CHIEF LEGAL AND ADMIN OFFICER) sold 2,737 shares on 2025-08-06
• Perisich John M. (CHIEF LEGAL AND ADMIN OFFICER) sold 2,859 shares on 2025-08-06
• Perisich John M. (CHIEF LEGAL AND ADMIN OFFICER) sold 6,583 shares on 2025-08-06
• Perisich John M. (CHIEF LEGAL AND ADMIN OFFICER) sold 2,834 shares on 2025-08-06