Form 4: Quanta Services CFO Desai Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Jayshree S. Desai, CFO of Quanta Services, Inc., disposed of 319 shares of common stock on March 26, 2024, to cover taxes associated with the vesting of restricted stock units.
Summary
- On March 26, 2024, Jayshree S. Desai, the Chief Financial Officer of Quanta Services, Inc., disposed of 319 shares of the company's 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 disposed of at a price of $255.54 per share.
- Following the transaction, Desai directly owns 38,002 shares of Quanta Services common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative implications for the company.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. This filing indicates a standard transaction related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of stock disposal transaction |
| 03/27/2024 | Date of signature on the Form 4 filing |
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