Form 4: Quanta Services Director Converts Restricted Stock Units to Common Shares

Quanta Services Director Worthing Jackman converted 622 restricted stock units into common stock on June 1, 2025, increasing his direct common stock holdings to 9,079 shares.

Summary

• Worthing Jackman, a Director at Quanta Services, Inc. (PWR), reported a transaction on June 1, 2025.
• The transaction involved the acquisition of 622 shares of Common Stock through the settlement of Restricted Stock Units (RSUs).
• The RSUs were settled on a one-for-one basis at a price of $0, as is typical for RSU conversions.
• Following this transaction, Mr. Jackman directly beneficially owns 9,079 shares of Common Stock.
• Additionally, Mr. Jackman directly beneficially owns 11,048 derivative securities in the form of Restricted Stock Units.
• The RSUs that were settled were granted on May 24, 2024, and vested and settled on June 1, 2025.
• The filing also clarified that the reporting person will use a single CIK for all future filings, addressing a previous inadvertent issuance of two sets of EDGAR access codes.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a routine RSU conversion doesn't signal new strategic moves, it confirms the director's continued equity stake and the fulfillment of compensation agreements. The clarification regarding CIK usage is a minor administrative positive for reporting accuracy.

Positives

• The conversion of Restricted Stock Units into common stock indicates the vesting of previously granted equity compensation, which is a positive event for the insider.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Management Comments

• "Please see filings made under CIK for prior filings made for the Reporting Person with respect to Quanta Services, Inc. securities. Previously, the Reporting Person was inadvertently issued two sets of EDGAR access codes. Going forward, the Reporting Person will make all filings using this CIK."

Industry Context

This filing is a routine insider transaction report (Form 4) detailing the vesting and conversion of equity compensation for a director. It does not provide information relevant to broader industry trends or competitive analysis within the infrastructure solutions sector where Quanta Services operates.

Related Party Transactions

• The transaction represents the settlement of equity compensation (Restricted Stock Units) granted by Quanta Services, Inc. to its Director, Worthing Jackman, which is a common form of related party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: The conversion of RSUs into common stock slightly increases the number of outstanding shares, but the impact from 622 shares is negligible. It confirms a director's continued alignment with shareholder interests through equity ownership.
• Employees: This specific filing does not directly impact the broader employee base, but it reflects standard equity compensation practices for executives and directors.

Key Dates

Keywords

Quanta Services, PWR, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Director Holdings, Equity Compensation