Form 4: Parsons Corp Executive Reports Stock Transactions

Michael R. Kolloway, Chief Legal Officer and Secretary of Parsons Corporation, reports transactions involving company stock, including acquisitions and disposals related to vested performance stock units and restricted stock units.

Summary

• Michael R. Kolloway, Chief Legal Officer and Secretary of Parsons Corporation, filed a Form 4 detailing changes in beneficial ownership of Parsons Corp [PSN] stock.
• On March 1, 2025, 1,448 shares of common stock were disposed of at a price of $58.22.
• On March 3, 2025, 23,203 shares were acquired at $0 due to vesting of performance stock units (PSUs).
• Also on March 3, 2025, 10,175 shares were disposed of at $55.35.
• An additional 4,285 shares were acquired at $0 due to an award of restricted stock units (RSUs).
• Following these transactions, Kolloway directly owns 88,630 shares and indirectly owns 6,092.3066 shares through an ESOP.
• The PSUs vested because the Compensation Committee determined that strategic objective goals had been met.
• The RSUs will vest in three equal annual installments starting March 10, 2026.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports stock transactions related to vesting schedules and compensation plans, with no explicit positive or negative implications for the company's performance.

Positives

• The vesting of performance stock units indicates that the company met certain strategic objective goals, as determined by the Compensation Committee.

Future Outlook

The RSUs will vest in three equal annual installments beginning on March 10, 2026.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.
• The vesting of PSUs reflects the company's performance against strategic goals, potentially impacting shareholder value.

Key Dates