Form 4: Quanta Services Director Margaret B. Shannon Sells Shares

Director Margaret B. Shannon of Quanta Services, Inc. (PWR) sold 8,515 shares of common stock at a price of $239.92 on March 1, 2024.

Summary

• On March 1, 2024, Margaret B. Shannon, a director of Quanta Services, Inc. (PWR), sold 8,515 shares of common stock.
• The sale price was $239.92 per share.
• Following the transaction, Shannon directly owns 34,063 shares of Quanta Services common stock.
• Shannon also holds 971 Restricted Stock Units (RSUs) which vest and settle on June 1, 2024, and are settled in shares of common stock on a one-for-one basis, with a potential option to settle up to 50% in cash.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although it is a relatively small transaction and may not have a significant impact on the stock price.

Key Dates