In 2023, Thomas McCormick earned $2.47M in total compensation at Primoris Services, including $900.00K salary, $717.72K bonus and $703.03K in stock. Most recently sold 15,000 shares in Nov 2024. Currently holds stock worth $5.89M. Led Primoris Services as CEO for 5 years.
Compensation History
Annual executive compensation data for Thomas McCormick, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.47M
Salary
$900.00K
Bonus
$717.72K
Other
$145.74K
Salary
$900.00KBoard 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
$717.72KBoard 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 Compensation
$145.74KBoard Justification
Other compensation includes auto allowance, personal use of company airplane, healthcare benefits, and contributions to the employee 401k savings account.
Restricted Stock
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.
Thomas McCormick
Ex-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 4 months (Nov 2019 - Mar 2025)
Previous Experience
President of Primoris Services Corporation and various executive positions at CB&I.
Holdings
Track Thomas McCormick's stock holdings and portfolio value over time.
Total Stock Sold
$3.57M
$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 $11.00M.
This is 207.75% and $7.42M more than what they got when they sold the stock.
Insider Trading
Thomas McCormick's recent stock transactions, purchases, and sales filed with the SEC.
$1.22M
PRIM at $81.28/share
Nov 13, 2024
Sale
$494.67K
PRIM at $49.47/share
May 10, 2024
Sale
34,524 shares
PRIM
Mar 1, 2024
Received
$120.67K
PRIM at $31.75/share
Dec 8, 2023
Sale
$1.65M
PRIM at $31.79/share
Dec 5, 2023
Sale
$24.70K
PRIM at $11.49/share
Mar 17, 2020
Sale
$24.70K
PRIM at $11.49/share
Mar 13, 2020
Purchase
$104.09K
PRIM at $23.13/share
Dec 17, 2019
Sale
$113.33K
PRIM at $15.81/share
Apr 5, 2016
Received
$109.90K
PRIM at $20.87/share
Feb 26, 2018
Purchase
Rivals
Compare Thomas McCormick with competitor CEOs and industry peers.
Anthony J. Guzzi
CEO of EMCOR Group
2023 Compensation
Stock
$2.70M
Salary
$1.24M
Bonus
$0.00
Other
$159.27K
Total Holdings
$2.33M
Paul DiMarco
CEO of MasTec
2023 Compensation
Stock
$7.00M
Salary
$1.25M
Bonus
$1.35M
Other
$44.07K
Total Holdings
$1.21M
Beth A. Wozniak
CEO of nVent Electric plc
2023 Compensation
Stock
$8.77M
Salary
$1.01M
Bonus
$0.00
Other
$827.83K
Total Holdings
$27.13M