Form 4: Parsons Corp Executive Reports Stock Transactions Following PSU Vesting

Michael Kolloway, Chief Legal Officer and Secretary of Parsons Corp, reports acquisition and disposal of shares related to performance stock units (PSUs) and tax obligations.

Summary

• On February 27, 2024, Michael Kolloway, Chief Legal Officer and Secretary of Parsons Corp, reported transactions involving Parsons Corp common stock.
• These transactions include the acquisition of 17,139 shares of common stock upon the vesting of performance stock units (PSUs) granted on March 1, 2021.
• The vesting was determined by the Compensation Committee of the Issuer's Board of Directors, confirming that strategic objective goals had been met.
• Kolloway also disposed of 6,101 shares to cover tax obligations at a price of $80.54 per share.
• Following these transactions, Kolloway directly owns 79,625 shares of common stock and indirectly owns 5,793.1195 shares through an ESOP.
• The report also notes that 520 shares were automatically purchased on behalf of Kolloway through the Parsons Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock transactions. The vesting of PSUs suggests the company met its strategic goals, which is mildly positive, but the document itself is neutral.

Positives

• The vesting of PSUs indicates that Parsons Corp met certain strategic objective goals, which is a positive sign for the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of shares available in the market.

Key Dates