Brian Pratt is a seasoned executive with a strong background in business, holding a Bachelor’s degree in Business Administration. He served as CEO of Primoris Services Corporation from 2009 until 2015 before stepping down to allow David King to take...

Brian Pratt is a seasoned executive with a strong background in business, holding a Bachelor’s degree in Business Administration. He served as CEO of Primoris Services Corporation from 2009 until 2015 before stepping down to allow David King to take over the top position, while Pratt continued as Chairman of the Board. His tenure at Primoris was marked by a focus on strategic growth and maintaining company performance metrics. In 2023, he transitioned to Southland Holdings, where he further honed his leadership skills until resigning in May 2024 to explore new opportunities. Interesting to note, Pratt has seen significant shifts in his compensation; for instance, in 2023, he earned over $7 million, which included 24,690 shares of stock that vested, worth about $703,029. These figures reflect his deep connection to corporate success and values aligned with shareholder interests. Despite his notable exits from board positions, Pratt’s influence and contributions are still acknowledged within the companies he has led.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Primoris Services CEOs

P

Brian Pratt

Founder and Ex-CEO of Primoris Services

Education

Bachelor's degree in Business Administration.

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1953 - 72 years ago

CEO of Primoris Services for

6 years 5 months (Feb 2009 - Aug 2015)

Previous Experience

Chairman and CEO of Primoris Services Corporation since inception.

Rivals

Competitors/colleagues of Brian Pratt

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

F

R. Scott Rowe

CEO of Flowserve

2023 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$2.67M

Other

$21.00K

Total Holdings

$19.70M

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

Holdings

See how much did Brian Pratt make over time.

Brian Pratt had substantial stock holdings during his time at Primoris Services. In recent years, his holdings reflected his commitment to the company, evidenced by large stock grants. For instance, in 2023, he had 24,690 vested shares worth over $703,029....

Brian Pratt had substantial stock holdings during his time at Primoris Services. In recent years, his holdings reflected his commitment to the company, evidenced by large stock grants. For instance, in 2023, he had 24,690 vested shares worth over $703,029. This marked a notable improvement compared to previous years where he had limited stock options. His wealth has fluctuated significantly; from 2015, when he earned around $676,300, to the present, where his compensation reached around $7 million. This evolution highlights his strong alignment with the company’s performance and growth trajectory. However, the termination of certain roles and the exit from various boards indicate a shift in his engagement with the company's dynamics and strategic directions.

Total Stock Sold

$420.09M

PRIM

$420.09M

19,345,523 PRIM shares

What if they kept their stock?

If Brian Pratt didn't sell their stock, today they would have:
Extra PRIM19,345,523 shares worth $260.00M.
This is -38.11% and $160.08M less than what they got when they sold the stock.

Charitable Transactions

PRIM

1,442,150 shares

PRIM

Recent Charitable Transactions

PRIM

4,250 shares

PRIM

Oct 10, 2019

Charity

PRIM

4,000 shares

PRIM

Feb 2, 2018

Charity

PRIM

1,000,000 shares

PRIM

Jan 15, 2016

Charity

PRIM

40,000 shares

PRIM

Dec 28, 2015

Charity

PRIM

8,000 shares

PRIM

Dec 16, 2014

Charity

PRIM

35,000 shares

PRIM

Dec 27, 2013

Charity

Insider Trading

See recent insider trades of Brian Pratt.

PRIM

2,093 shares

PRIM

Feb 21, 2020

Received

PRIM

$50.00M

PRIM at $21.58/share

Dec 10, 2019

Sale

PRIM

4,250 shares

PRIM

Oct 10, 2019

Charity

PRIM

1,285,804 shares

PRIM

Oct 10, 2019

Transfer

PRIM

1,285,804 shares

PRIM

Oct 10, 2019

Transfer

PRIM

$4.22M

PRIM at $20.44/share

Sep 19, 2019

Sale

PRIM

$188.50K

PRIM at $21.12/share

Sep 16, 2019

Sale

PRIM

$7.67M

PRIM at $20.59/share

Sep 11, 2019

Sale

PRIM

$875.13K

PRIM at $20.01/share

Aug 9, 2019

Sale

PRIM

1,048,828 shares

PRIM

Aug 9, 2019

Transfer

Compensation History

See how much did Brian Pratt make over time.

Brian Pratt's compensation packages have varied over the years, reflecting his changing roles and the company's performance. In 2023, he reported a total compensation of $7,004,628, which included a salary of $890,769 and substantial stock vesting from restricted stock units (RSUs). His pay has seen immense growth, especially when compared to earlier years; for instance, he earned $1,186,355 in 2013, primarily from bonuses tied to company performance. Over the years, his pay packages have been designed to align with corporate goals and ensure he is rewarded for performance while avoiding excessive risk. His compensation philosophy emphasizes long-term growth and ties executive pay to measurable performance metrics like net income and cash management, ensuring that his interests align well with those of shareholders.

Year

2023

Total Compensation

$1.74M

Salary

$890.77K

Board Justification

The compensation program aligns with corporate objectives for profitable growth and does not encourage excessive risk-taking.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023 due to separation agreement with Mr. Moreno.

Other

$145.74K

Board Justification

Includes auto allowance, personal use of company airplane, healthcare benefits, and contributions to 401(k).

Restricted Stock

$703.03K(24.69K RSU)

Board Justification

24,690 shares of RSUs vested in 2023, valued at $703,029.

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