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...

Current Market Cap

$3.06B

Number of Employees

14.06K

Total Compensation

2019 - 2023

Trending up by 155.85% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 7.98% last year

Bonus

Up by 0.00% last year

Other

Up by 11.63% last year

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.

SEC Filing

From March 22, 2024

Thomas McCormick

CEO of Primoris Services

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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

Born

January 1, 1962 - 62 years ago

Is Founder?

No

Current Tenure

4 years 10 months (Nov 2019 - Present)

Previous Experience

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

View Holdings

Insider Holdings of Thomas McCormick

PRIM

$7.82M

$6.68M (583.66%)

Last Insider Trade

PRIM

$494.67K

PRIM at $49.47/share

May 10, 2024

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