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Industrials & Aerospace

Primoris Services Executive Compensation (FY25)

PRIM · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Koti Vadlamudi
Median of the other named officers
$3,023,931
5 officers, excluding the chief executive
Latest say-on-pay support
=
April 30, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): May 5, 2026
11 filings cited on this page
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224 figures on this page: 218 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Thomas McCormick → Koti Vadlamudi
Say-on-pay support: 97.6% → 95.1% (2.5 points lower)
CEO pay ratio: 80:1 → 280:1 (250.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Primoris Services' chief executive and what were they paid?
Total compensation for Koti Vadlamudi, President and Chief Executive Officer, came to $2,176,941 in fiscal 2025.
What was Primoris Services' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.1% of votes cast for or against in favor at the meeting held April 30, 2026.
Which companies are in Primoris Services' peer group?
The disclosed peer group includes Aecom, Inc., Ameresco, Inc., APi Group Corporation, Arcosa, Inc. and Centuri Holdings, Inc., among others.
What is Primoris Services' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 280:1, against median employee compensation of $62,382.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas McCormick
Former President and Chief Executive Officer
◇—◇—◇—◇◇
Kenneth Dodgen
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
John Perisich
Executive Vice President Chief Legal Officer
◇—◇———◇— not reconciled
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas McCormick
President and Chief Executive Officer
◇—◇—◇—◇◇
John Moreno Jr.
Former Executive Vice President, Chief Operating Officer
Departed during or after this year
◇—◇———◇◇
John Perisich
Executive Vice President, Chief Legal and Administrative Officer and Secretary
◇—◇—◇—◇◇
Kenneth Dodgen
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas McCormick
Former President and Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
John Perisich
Executive Vice President Chief Legal Officer
◇—◇—◇—◇◇
Kenneth Dodgen
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas McCormick
Former President and Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
David King
Former Interim President and Chief Executive Officer
Departed during or after this year
Served on an interim basis
◇◇◇———◇◇
John Perisich
Executive Vice President, Chief Legal and Administrative Officer and Secretary
◇—◇—◇—◇◇
Kenneth Dodgen
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Jeremy Kinch
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Koti Vadlamudi
President and Chief Executive Officer
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David L. KingRSU◇——◇——◇
Jeremy KinchPSU◇◇◇—◇—◇
Jeremy KinchRSU◇——◇——◇
Jeremy KinchRSU◇——◇——◇
Jeremy KinchPSU◇◇◇—◇—◇
John M. PerisichRSU◇——◇——◇
John M. PerisichPSU◇◇◇—◇—◇
Kenneth M. DodgenPSU◇◇◇—◇—◇
Kenneth M. DodgenRSU◇——◇——◇
Koti VadlamudiRSU◇——◇——◇
Thomas E. McCormickPSU◇◇◇—◇—◇
Thomas E. McCormickRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
David KingPSU◇◇——
Thomas McCormickPSU◇◇——
Koti VadlamudiPSU◇◇——
John PerisichPSU◇◇——
Kenneth DodgenPSU◇◇——
Jeremy KinchPSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Jeremy Kinch
Executive Vice President, Chief Operating Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
John Perisich
Executive Vice President, Chief Legal and Administrative Officer and Secretary · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Kenneth Dodgen
Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Koti Vadlamudi
President and Chief Executive Officer · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Thomas McCormick
Former President and Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Severance cash amount◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Terry D. McCallister
Lead independent director
◇◇————◇
Carla S. Mashinski
◇◇————◇
John P. Schauerman
◇◇————◇
Jose R. Rodriguez
◇◇————◇
Patricia K. Wagner
◇◇————◇
Michael E. Ching
◇◇————◇
Harpreet Saluja
◇◇————◇
Stephen C. Cook
◇◇————◇
Koti Vadlamudi and David L. King served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Common Stock.
Stock ownership guideline: Stock ownership requirement for Directors

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aecom, Inc. ACM
  • Ameresco, Inc. AMRC
  • APi Group Corporation APG
  • Arcosa, Inc. ACA
  • Centuri Holdings, Inc. CTRI
  • Comfort Systems USA, Inc. FIX
  • Dycom Industries, Inc. DY
  • EMCOR Group, Inc. EME
  • Everus Construction Group, Inc. ECG
  • Fluor Corporation FLR
  • Granite Construction, Inc. GVA
  • IES Holding, Inc. IESC
  • MasTec, Inc. MTZ
  • MYR Group, Inc. MYRG
  • Valmont Industries, Inc. VMI

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 30, 2026=◇◇◇
2024April 30, 2025=◇◇◇
2023May 1, 2024=◇◇◇
2022May 3, 2023=◇◇◇
2019May 1, 2020=◇◇◇
2016May 5, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Koti Vadlamudi (President and Chief Executive Officer), FY2025 total compensation $2,176,941 (base salary $115,385) [exec_comp, SEC accession 0001104659-26-032237, filed 2026-03-20]

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What this page does not include

Everything above is a fact Primoris Services disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Primoris Services sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
224 figures on this page: 218 cited to the filing that reported them, 6 calculated from figures it prints.
218 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001361538-26-000014
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-032237
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · EXECUTIVE COMPENSATION · and 4 more sections
  4. 0001361538-25-000035
    EX-10.1
  5. 0001361538-25-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-25-026688
    Summary Compensation Table
  7. 0001361538-24-000006
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-24-037861
    Summary Compensation Table
  9. 0001361538-23-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001361538-20-000007
  11. 0001104659-17-030830
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Velarion, “Primoris Services executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PRIM (accessed 2026).
Short form: data: Velarion

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11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers Primoris Services discloses

The companies named in PRIM's own disclosed peer group.

Aecom, Inc.Ameresco, Inc.APi Group CorporationArcosa, Inc.Centuri Holdings, Inc.Comfort Systems USA, Inc.Dycom Industries, Inc.EMCOR Group, Inc.Everus Construction Group, Inc.Fluor CorporationGranite Construction, Inc.IES Holding, Inc.MasTec, Inc.MYR Group, Inc.Valmont Industries, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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