Form 4: Parsons Corp Director McMahon Corrects Beneficial Ownership in Form 4 Filing

Director Harry T. McMahon files a Form 4 to correct previously overstated shares of Parsons Corp common stock beneficially owned.

Summary

• On February 28, 2025, Harry T. McMahon, a director of Parsons Corporation, acquired 8,064 shares of common stock at a price of $58.3 per share.
• Following this transaction, McMahon directly owns 45,953 shares of Parsons Corporation common stock.
• This Form 4 filing serves to correct an error in previous filings where the number of shares beneficially owned was overstated.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it is a routine disclosure of stock transactions by a company director and a correction of a previous error. The purchase itself is a slightly positive signal.

Positives

• The correction of the previously overstated shares ensures accurate reporting of beneficial ownership.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders benefit from accurate reporting of insider transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Parsons Corporation, Director, Stock Acquisition, PSN, McMahon