Form 4: Quanta Services Director Beneby Doyle N Reports Stock Unit Vesting
SEC Form 4 Filing
Director Beneby Doyle N reports vesting and settlement of restricted stock units into Quanta Services common stock on June 1, 2024.
Summary
- On June 1, 2024, Director Beneby Doyle N reported the vesting and settlement of 971 restricted stock units (RSUs) into Quanta Services common stock.
- The RSUs, granted on May 23, 2023, vested and settled on June 1, 2024, resulting in the director acquiring 971 shares of common stock.
- Following the transaction, Beneby Doyle N directly owns 27,789 shares of Quanta Services common stock and 998 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| May 23, 2023 | Restricted stock units were granted. |
| June 01, 2024 | Restricted stock units vested and settled. |
| June 04, 2024 | Date of Form 4 filing. |
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