Form 4: Quanta Services CEO Earl C. Austin Jr. Reports Stock Transaction
SEC Form 4 Filing
Earl C. Austin Jr., President and CEO of Quanta Services, reports the disposal of 2,441 shares to cover taxes and maintains ownership of 726,599 shares directly and 20,000 shares indirectly through a family trust.
Summary
- On March 9, 2024, Earl C. Austin Jr., the President and CEO of Quanta Services, reported a transaction involving the company's common stock.
- A total of 2,441 shares were disposed of at a price of $242.06 per share to cover taxes associated with the vesting of restricted stock units.
- Following the transaction, Austin directly owns 726,599 shares of Quanta Services common stock.
- He also indirectly owns 20,000 shares through the Austin 1999 Family Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions by an executive.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of stock transaction (disposal of shares). |
| 03/12/2024 | Date of signature for the report. |
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