Form 4: Parsons CEO Sells Shares for Tax Obligations
Statement of Changes in Beneficial Ownership
Parsons Corporation's President and CEO, Carey A. Smith, disposed of 7,541 shares of common stock to cover tax withholding obligations at a price of $60.2 per share.
Summary
- Carey A. Smith, President & CEO and Director of Parsons Corporation (PSN), reported a transaction involving the company's common stock.
- On December 17, 2025, Smith disposed of 7,541 shares of common stock.
- The disposition was made to the issuer to satisfy tax withholding obligations, indicated by transaction code 'F'.
- The shares were disposed of at a price of $60.2 per share.
- Following this transaction, Smith directly beneficially owns 393,003 shares of common stock.
- Additionally, Smith indirectly beneficially owns 5,023.1737 shares of common stock through an ESOP (Employee Stock Ownership Plan).
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations, which is a common and expected event for executives receiving equity compensation. It does not reflect a change in management's outlook or the company's fundamentals.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, tax-related disposition and not a discretionary sale indicating a change in confidence.
Key Dates
| Date | Description |
|---|---|
| 12/17/2025 | Date of transaction where shares were disposed. |
| 12/19/2025 | Date the Form 4 filing was signed and submitted. |
Recommendation
holdThe filing details a routine disposition of shares by the CEO to cover tax withholding obligations, which is a common practice and does not indicate a change in the company's fundamentals or management's long-term outlook. Therefore, a 'hold' recommendation is appropriate as this transaction alone does not provide new information to alter an existing investment thesis.
Keywords
Parsons Corporation, PSN, Carey A. Smith, Form 4, Insider Transaction, Stock Sale, Tax Withholding, CEO, Director
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