Thomas McCormick has been the CEO of Primoris Services Corporation since November 4, 2019, after serving as President from April 2019. He has a solid background in engineering, with a Bachelor's degree in Civil Engineering from Florida State University and...

Thomas McCormick has been the CEO of Primoris Services Corporation since November 4, 2019, after serving as President from April 2019. He has a solid background in engineering, with a Bachelor's degree in Civil Engineering from Florida State University and an Advanced Executive Management Degree from INSEAD, one of the world's top business schools. His career spans over 30 years in the construction and engineering sector, having held key positions at companies like Chicago Bridge & Iron, where he was involved in major oil and gas projects. Notably, he was the President of the Oil & Gas division and contributed significantly to the growth of that area. McCormick is known for his focus on performance and safety, leading a team that is dedicated to achieving both immediate and long-term goals for the company. In 2023, he earned a total compensation of around $1.87 million, including a base salary of $900,000 and a bonus for meeting certain performance metrics. His strategic decision-making and experience have positioned Primoris Services as a strong player in this industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Primoris Services CEOs

P

Thomas McCormick

CEO of Primoris Services

Education

Bachelor's degree in Civil Engineering from Florida State University and an Advanced Executive Management Degree from INSEAD.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1962 - 63 years ago

CEO of Primoris Services for

5 years 5 months (Nov 2019 - Present)

Previous Experience

President of Primoris Services Corporation and various executive positions at CB&I.

Rivals

Competitors/colleagues of Thomas McCormick

E

Craig Arnold

CEO of Eaton Corporation

2023 Compensation

Stock

$18.84M

Salary

$1.44M

Bonus

$0.00

Other

$234.61K

Total Holdings

$23.28M

E

Anthony J. Guzzi

CEO of EMCOR Group

2023 Compensation

Stock

$2.70M

Salary

$1.24M

Bonus

$0.00

Other

$159.27K

Total Holdings

$98.76M

M

Paul DiMarco

CEO of MasTec

2023 Compensation

Stock

$7.00M

Salary

$1.25M

Bonus

$1.35M

Other

$44.07K

Total Holdings

$6.31M

Q

Earl C. Austin, Jr.

CEO of Quanta Services

2023 Compensation

Stock

$30.40M

Salary

$1.29M

Bonus

$2.45M

Other

$321.33K

Total Holdings

$181.16M

n

Beth A. Wozniak

CEO of nVent Electric plc

2023 Compensation

Stock

$8.77M

Salary

$1.01M

Bonus

$0.00

Other

$827.83K

Total Holdings

$39.29M

C

Trent T. McKenna

CEO of Comfort Systems USA

2023 Compensation

Stock

$0.00

Salary

$506.00K

Bonus

$0.00

Other

$9.37K

Total Holdings

$8.14M

Holdings

See how much did Thomas McCormick make over time.

As CEO of Primoris Services Corporation, Thomas McCormick has navigated significant fluctuations in stock holdings. While exact numbers can change, at times, his wealth has been closely tied to the company’s stock performance. His most notable stake was when he...

As CEO of Primoris Services Corporation, Thomas McCormick has navigated significant fluctuations in stock holdings. While exact numbers can change, at times, his wealth has been closely tied to the company’s stock performance. His most notable stake was when he received over 126,000 restricted stock units (RSUs) in 2023 as part of a long-term incentive plan, indicating a strong belief in the company’s growth potential. Over the years, McCormick's equity, mostly in RSUs, has demonstrated his commitment to the firm’s performance. His holdings fluctuate as the market responds to the company's results, which are significantly influenced by his leadership decisions in operations and projects.

Mar 18, 2025

P

shares

PRIM @ $63.64

Total Stock Sold

$3.57M

PRIM

$3.57M

87,365 PRIM shares

What if they kept their stock?

If Thomas McCormick didn't sell their stock, today they would have:
Extra PRIM87,365 shares worth $1.42M.
This is -60.29% and $2.15M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Thomas McCormick.

PRIM

$1.22M

PRIM at $81.28/share

Nov 13, 2024

Sale

PRIM

$494.67K

PRIM at $49.47/share

May 10, 2024

Sale

PRIM

34,524 shares

PRIM

Mar 1, 2024

Received

PRIM

$120.67K

PRIM at $31.75/share

Dec 8, 2023

Sale

PRIM

$1.65M

PRIM at $31.79/share

Dec 5, 2023

Sale

PRIM

$24.70K

PRIM at $11.49/share

Mar 17, 2020

Sale

PRIM

$24.70K

PRIM at $11.49/share

Mar 13, 2020

Purchase

PRIM

$104.09K

PRIM at $23.13/share

Dec 17, 2019

Sale

PRIM

$113.33K

PRIM at $15.81/share

Apr 5, 2016

Received

PRIM

$109.90K

PRIM at $20.87/share

Feb 26, 2018

Purchase

Compensation History

See how much did Thomas McCormick make over time.

In 2023, Thomas McCormick earned a total compensation package of $1,867,464. His salary was $900,000, reflecting his role as CEO, and he received a substantial bonus of $717,720 based on meeting performance targets relating to net income and safety. Additionally, he vested 24,690 shares valued at about $703,029, boosting his compensation significantly. This structure aligns his incentives with the company’s success, supporting a long-term growth strategy that takes into account safety and financial performance. In prior years, his compensation varied, indicating an evolving reward system tied to his leadership in navigating projects and business challenges. His approach emphasizes risk management while aiming to drive substantial value for stakeholders.

Year

2023

Total Compensation

$2.47M

Salary

$900.00K

Board Justification

The compensation philosophy aims to align compensation with the company's corporate objectives of achieving both near- and long-term profitable growth without encouraging excessive risk-taking.

Bonus

$717.72K

Board Justification

The bonus is based on the achievement of performance targets established by the Compensation Committee related to Net Income, New Business Generated, Cash Management, and Safety Performance.

Other

$145.74K

Board Justification

Other compensation includes auto allowance, personal use of company airplane, healthcare benefits, and contributions to the employee 401k savings account.

Restricted Stock

$703.03K(24.69K RSU)

Board Justification

The stock awards that vested in 2023 were primarily in the form of RSUs, with a total of 24,690 shares vested during the year.

Performance Metrics

Performance metrics include Net Income, New Business Generated, Cash Management, and Safety Performance.

Other Primoris Services CEOs

Here are other CEOs of Primoris Services

David King

Ex-CEO of Primoris Services

August 2015 - November 2019