Form 4: Quanta Services CFO Desai Sells Shares to Cover Taxes
SEC Form 4 Filing
Jayshree S. Desai, CFO of Quanta Services, sold 1,582 shares of common stock on March 4, 2025, to cover taxes associated with the vesting of restricted stock units.
Summary
- On March 4, 2025, Jayshree S. Desai, the Chief Financial Officer of Quanta Services, Inc., disposed of 1,582 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 $250.91 per share.
- Following the transaction, Desai directly owns 49,108 shares of Quanta Services common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from the vesting of stock awards.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: Jayshree S. Desai sold shares to cover taxes. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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