Form 4: Former Quanta Services Director Converts Restricted Stock Units to Common Shares

Vincent D. Foster, a former director of Quanta Services, Inc., has converted 622 restricted stock units into common stock, increasing his direct beneficial ownership to 179,687 shares.

Summary

• Vincent D. Foster, identified as a Former Director of Quanta Services, Inc. (PWR), completed a transaction on May 22, 2025.
• The transaction involved the conversion of 622 Restricted Stock Units (RSUs) into 622 shares of Common Stock.
• The RSUs were granted on May 24, 2024, and vested and settled on May 22, 2025, on a one-for-one basis.
• Following this transaction, Mr. Foster's direct beneficial ownership of Quanta Services Common Stock stands at 179,687 shares.
• Additionally, Mr. Foster holds 23,558 derivative securities, which include unvested restricted stock units and vested restricted stock units for which settlement has been deferred.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale or acquisition plan.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it represents a routine and expected compensation event for a former director, increasing their direct stake in the company. There are no negative implications for the company or its shareholders from this specific transaction.

Positives

• The vesting and conversion of Restricted Stock Units represent a scheduled compensation event for the former director, indicating the fulfillment of equity-based incentives.
• The transaction increases the former director's direct ownership of Quanta Services common stock, aligning his interests with shareholders.

Future Outlook

This document does not provide any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction and does not provide broader industry context or trends. It reflects standard equity compensation practices within publicly traded companies.

Stakeholder Impact

• Shareholders: The conversion of RSUs to common stock results in a minor increase in outstanding shares, which is typically accounted for in compensation plans and has negligible dilutive impact.
• Former Director (Vincent D. Foster): This transaction represents the realization of equity compensation, increasing his direct ownership in the company.

Key Dates

Keywords

Quanta Services, PWR, Form 4, Insider Transaction, Restricted Stock Units, Common Stock, Beneficial Ownership, Vincent D. Foster, Equity Compensation, Rule 10b5-1