Form 4: Quanta Services Director Jackman Worthing Reports Stock Unit Vesting
SEC Form 4 Filing
Director Jackman Worthing reports the vesting and settlement of 971 restricted stock units into common stock of Quanta Services, Inc.
Summary
- On June 1, 2024, Director Jackman Worthing reported the vesting and settlement of 971 restricted stock units (RSUs) into common stock of Quanta Services, Inc.
- The RSUs, granted on May 23, 2023, vested and settled on June 1, 2024, converting into 971 shares of common stock on a one-for-one basis.
- Following the transaction, Worthing directly owns 8,457 shares of common stock and 11,111 derivative securities, including unvested and vested RSUs with deferred settlement.
- The report also notes that Worthing previously had two sets of EDGAR access codes and will now use a single CIK for all future filings.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's securities.
Stakeholder Impact
- The vesting of RSUs can have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| May 23, 2023 | Date the restricted stock units were granted. |
| June 01, 2024 | Date of the transaction (vesting and settlement of RSUs). |
| June 04, 2024 | Date of the Form 4 filing. |
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