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

A director at Quanta Services, Inc. converted 622 restricted stock units into common shares, increasing her direct ownership in the company.

Summary

• Josephine Ann Marie dePass Olsovsky, a Director of Quanta Services, Inc. (PWR), acquired 622 shares of common stock.
• This acquisition resulted from the exercise and settlement of 622 Restricted Stock Units (RSUs) on a one-for-one basis.
• The transaction occurred on June 1, 2025, with a conversion price of $0, as is typical for RSU vesting.
• Following this transaction, Ms. dePass Olsovsky beneficially owns 622 shares of common stock directly.
• She also continues to beneficially own 559 derivative securities, specifically Restricted Stock Units, after this transaction.

Sentiment

Score: 7

Explanation: The conversion of RSUs to common stock by a director is a routine compensation event and generally viewed as neutral to slightly positive, as it increases the director's direct equity stake, aligning interests with shareholders. It's not a sale, which would be more negative.

Positives

• The conversion of Restricted Stock Units into common stock by a director indicates a direct increase in their equity stake in the company.
• The director's continued holding of 559 Restricted Stock Units suggests ongoing alignment of interests with shareholders.

Future Outlook

N/A. This Form 4 reports a past transaction and does not provide forward-looking statements or guidance.

Industry Context

N/A. This is an insider transaction report specific to Quanta Services, Inc. and does not provide broader industry context.

Stakeholder Impact

• Shareholders: The director's increased direct ownership aligns her interests more closely with those of common shareholders.

Key Dates

Keywords

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