Form 4: Quanta Services CFO Desai Sells Shares to Cover Taxes
SEC Form 4 Filing
Jayshree S. Desai, CFO of Quanta Services, sold 782 shares of common stock on March 9, 2024, to cover taxes associated with the vesting of restricted stock units.
Summary
- On March 9, 2024, Jayshree S. Desai, the Chief Financial Officer of Quanta Services, Inc. (PWR), disposed of 782 shares of common stock.
- The transaction was executed to cover taxes associated with the vesting of restricted stock units issued under the company's equity incentive plan.
- The shares were sold at a price of $242.06 per share.
- Following the transaction, Desai directly owns 38,321 shares of Quanta Services common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative sentiment towards 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 transaction is a common practice for covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of transaction: Jayshree S. Desai disposed of 782 shares of common stock. |
| 03/12/2024 | Date of signature: The Form 4 was signed on this date. |
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