Form 4: Parsons CFO Matthew Ofilos Disposes of Shares for Tax Obligations

Parsons Corporation's Chief Financial Officer, Matthew Ofilos, reported the disposition of 7,006 shares of common stock at $74.2 per share to cover tax withholding obligations.

Summary

• Matthew Ofilos, Chief Financial Officer of Parsons Corporation (PSN), reported a transaction involving the company's common stock.
• On July 31, 2025, Ofilos disposed of 7,006 shares of common stock.
• The disposition was made at a price of $74.2 per share.
• This transaction was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Ofilos directly beneficially owns 51,302 shares of common stock.
• Additionally, Ofilos indirectly beneficially owns 1,247.7402 shares through an Employee Stock Ownership Plan (ESOP).
• The transaction was conducted pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-arranged sale.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition for tax purposes, pre-planned under Rule 10b5-1, and does not indicate a change in the company's fundamental outlook or the insider's confidence beyond standard equity management.

Positives

• The transaction was pre-planned under a Rule 10b5-1(c) plan, which can indicate a structured approach to insider stock management.
• The disposition was specifically for tax withholding, which is a common and expected event for executives receiving equity compensation.

Negatives

• A reduction in direct insider ownership by 7,006 shares.

Future Outlook

This filing does not provide forward-looking statements or guidance regarding the company's future performance.

Industry Context

This specific insider transaction is a routine event for executives managing equity compensation and does not inherently reflect broader industry trends or competitive dynamics. It is a standard compliance disclosure.

Comparison to Industry Standards

• This type of disposition for tax withholding purposes is a common practice among executives across various industries who receive equity-based compensation.
• It aligns with typical insider trading compliance and tax management strategies observed in publicly traded companies like Lockheed Martin, Boeing, or General Dynamics, which also have executives managing similar equity awards.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the transaction is for tax purposes and pre-planned, which is a common occurrence and generally not indicative of a lack of confidence.
• Employees: No direct impact on employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Key Dates

Keywords

Parsons Corporation, PSN, Matthew Ofilos, Chief Financial Officer, CFO, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Rule 10b5-1, Equity Compensation