Form 4: Former Quanta Services Director Settles Restricted Stock Units
SEC Form 4 Filing
Margaret B. Shannon, a former director of Quanta Services, Inc., settled restricted stock units for shares of common stock on May 24, 2024.
Summary
- Margaret B. Shannon, a former director of Quanta Services, Inc., reported a transaction on May 24, 2024.
- The transaction involved the settlement of 971 restricted stock units (RSUs) into shares of Quanta Services common stock.
- The RSUs were settled on a one-for-one basis, meaning each RSU converted into one share of common stock.
- Following the transaction, Shannon directly owns 35,034 shares of Quanta Services common stock.
- The RSUs were granted on May 23, 2023, and vested and settled on May 24, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard transaction related to executive compensation.
Industry Context
This is a routine disclosure related to insider transactions and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Restricted stock units were granted. |
| 05/24/2024 | Restricted stock units vested and settled into common stock. |
| 05/29/2024 | Date of Form 4 filing. |
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