Form 4: Former Quanta Services Director, David M. McClanahan, Reports Stock Unit Settlement
SEC Form 4 Filing
David M. McClanahan, a former director of Quanta Services, Inc., reports the settlement of restricted stock units into common stock on May 24, 2024.
Summary
- On May 24, 2024, David M. McClanahan, a former director of Quanta Services, Inc. (PWR), reported a transaction involving the settlement of restricted stock units.
- The transaction involved 1,560 shares of common stock acquired through the vesting and settlement of restricted stock units.
- These restricted stock units were granted on May 23, 2023, and vested on May 24, 2024.
- Following the transaction, McClanahan directly owns 45,912 shares of Quanta Services common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted compensation.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Restricted stock units were granted. |
| 05/24/2024 | Restricted stock units vested and settled, resulting in the acquisition of common stock. |
| 05/29/2024 | Date of Form 4 filing. |
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