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 disposition of 2,441 shares of common stock to cover taxes associated with vested restricted stock units.
Summary
- On March 9, 2025, Earl C. Austin Jr., the President and CEO of Quanta Services, Inc. (PWR), disposed of 2,441 shares of common stock.
- The shares were withheld to cover taxes associated with the vesting of restricted stock units issued under the company's equity incentive plan.
- The transaction price was $246.02 per share.
- Following the transaction, Austin directly owns 657,470 shares of Quanta Services common stock.
- He also indirectly owns 20,000 shares through the Austin 1999 Family Trust.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to executive compensation and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock activity related to vested equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/09/2025 | Date of stock transaction (disposal of shares). |
| 03/11/2025 | Date of signature for the report. |
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