Form 4: Quanta Services Director Bernard Fried Acquires Restricted Stock Units

Bernard Fried, a Director at Quanta Services, Inc., has acquired 559 Restricted Stock Units (RSUs) as part of his compensation, increasing his total beneficial ownership to 20,754 units.

Summary

• Bernard Fried, a Director of Quanta Services, Inc. (PWR), acquired 559 Restricted Stock Units (RSUs) on May 22, 2025.
• The RSUs were acquired at a price of $0, which is typical for compensation grants.
• These restricted stock units are settled in shares of common stock on a one-for-one basis.
• In certain circumstances, the reporting person may elect to settle up to 50% of the restricted stock units in cash.
• Unless otherwise specified, the RSUs are scheduled to vest and settle on June 1, 2026.
• Settlement of all or a portion of the RSUs can be deferred by Mr. Fried through the company's nonqualified deferred compensation plan.
• Following this transaction, Mr. Fried beneficially owns a total of 20,754 derivative securities, which includes both unvested and vested RSUs for which settlement has been deferred.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director's continued equity stake and alignment with shareholder interests through a routine compensation grant. It is not highly impactful but generally viewed favorably.

Positives

• The acquisition of Restricted Stock Units by a director aligns their interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• The grant represents a form of long-term incentive compensation, indicating continued commitment of the director to the company.

Future Outlook

The acquired Restricted Stock Units are scheduled to vest and settle on June 1, 2026, which will result in the issuance of common stock to the director, unless deferred.

Industry Context

This Form 4 filing details a routine equity compensation grant to a director, which is a common practice across various industries to incentivize long-term performance and align management interests with shareholders.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns their interests with shareholders, as the director's compensation is tied to the company's stock performance, potentially encouraging decisions that enhance shareholder value.

Next Steps

• The Restricted Stock Units are expected to vest and settle on June 1, 2026, converting into shares of Quanta Services common stock.

Key Dates

Keywords

Quanta Services, PWR, Bernard Fried, Form 4, SEC filing, Restricted Stock Units, RSU, insider transaction, director compensation, equity compensation