Form 4: Quanta Services Director Acquires Restricted Stock Units, Boosting Stake

Quanta Services, Inc. Director Doyle N. Beneby acquired 870 restricted stock units on May 22, 2025, increasing his beneficial ownership in the company.

Summary

• Doyle N. Beneby, a Director of Quanta Services, Inc. (PWR), acquired 870 Restricted Stock Units (RSUs) on May 22, 2025.
• The RSUs are settled in shares of common stock on a one-for-one basis, with an option for the reporting person to elect cash settlement for up to 50% under certain circumstances.
• These restricted stock units are scheduled to vest and settle on June 1, 2026, unless deferred by the reporting person under a nonqualified deferred compensation plan.
• Following this transaction, Mr. Beneby beneficially owns 1,868 derivative securities (Restricted Stock Units).
• The acquisition price for these RSUs was $0, as they represent a grant rather than a purchase.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it indicates a director's increased stake and alignment with shareholder interests through a standard compensation mechanism.

Positives

• The acquisition of restricted stock units by a director increases their beneficial ownership in the company, aligning their interests more closely with those of shareholders.
• The grant of RSUs is a common form of executive and director compensation, indicating ongoing commitment and incentivization.

Future Outlook

The acquired restricted stock units are set to vest and settle on June 1, 2026, which will convert them into common stock, further increasing the director's direct equity stake in Quanta Services, Inc.

Stakeholder Impact

• Shareholders: The increased beneficial ownership by a director can be viewed positively as it aligns management's financial interests with the long-term performance of the company's stock.

Next Steps

• Vesting and settlement of the 870 Restricted Stock Units on June 1, 2026, converting them into common stock.

Key Dates

Keywords

Quanta Services, PWR, Restricted Stock Units, RSU, Insider Transaction, Form 4, Director Compensation, Equity Grant, Beneficial Ownership