Form 4: Quanta Services CEO Sells Shares to Cover Taxes
SEC Form 4 Filing
Quanta Services CEO Earl C. Austin Jr. sold 3,197 shares of common stock on March 26, 2024, to cover taxes associated with the vesting of restricted stock units.
Summary
- On March 26, 2024, Earl C. Austin Jr., the President and CEO of Quanta Services, Inc., disposed of 3,197 shares of common stock.
- The transaction was executed to cover taxes associated with the vesting of restricted stock units under the company's equity incentive plan.
- The shares were sold at a price of $255.54 per share.
- Following the transaction, Austin directly owns 723,402 shares of Quanta Services common stock.
- He also indirectly owns 20,000 shares through the Austin 1999 Family Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation and tax planning. The sale of shares to cover taxes upon vesting of restricted stock units is a typical practice.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of stock sale transaction. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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