Form 4: Quanta Services Director Jackman Worthing Sells Shares

Director Jackman Worthing sold 9,572 shares of Quanta Services (PWR) on February 28, 2024, at a price of $237.312 per share.

Summary

• On February 28, 2024, Jackman Worthing, a director of Quanta Services, sold 9,572 shares of common stock at a price of $237.312 per share.
• Following the transaction, Worthing directly owns 7,486 shares of Quanta Services common stock.
• Worthing also holds 11,460 restricted stock units, which are settled in shares of common stock on a one-for-one basis, with the option to settle up to 50% in cash.
• Of these restricted stock units, 971 are unvested, and 10,489 are vested but settlement has been deferred.
• Unless otherwise provided in the award agreement, the restricted stock units vest and settle on June 1, 2024.
• The reporting person was inadvertently issued two sets of EDGAR access codes and will make all filings using this CIK going forward.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't indicate positive or negative outlook for the company.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company insiders, allowing investors to monitor potential shifts in sentiment or alignment with company performance. It is important to consider this transaction in the context of the overall market and company performance.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by shareholders, potentially signaling a lack of confidence in the company's future performance, although this is a small transaction.

Key Dates