Form 4: Parsons Corp Executive Kolloway Receives Stock Award

Michael R. Kolloway, Chief Legal Officer and Secretary of Parsons Corporation, reports the acquisition of 4,853 shares of common stock through a restricted stock unit (RSU) award.

Summary

• On February 26, 2024, Michael R. Kolloway, Chief Legal Officer and Secretary of Parsons Corporation, acquired 4,853 shares of common stock.
• This acquisition was through an award of restricted stock units (RSUs), each representing a contingent right to receive one share of common stock.
• The RSUs will vest in three equal annual installments starting on March 10, 2025.
• Following the transaction, Kolloway directly owns 68,067 shares of common stock and indirectly owns 5,793.1195 shares through an ESOP.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating alignment of interests between management and shareholders.

Positives

• The RSU award suggests confidence in the company's future performance, as the value is tied to the stock price.

Future Outlook

The vesting schedule of the RSUs (three equal annual installments beginning March 10, 2025) suggests a long-term incentive for the executive.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• RSU grants are a common form of executive compensation in publicly traded companies, particularly in the engineering and construction industries where Parsons operates.
• Comparing the size of this RSU grant to similar grants at companies like AECOM or Jacobs Engineering Group would provide context on its relative significance.

Stakeholder Impact

• The RSU award aligns the executive's interests with those of the shareholders, incentivizing them to increase the company's value.

Key Dates