Form 4: Quanta Services Director, Robert Rowe, Reports Stock Unit Vesting
SEC Form 4 Filing
Director Robert Scott Rowe reports the vesting and settlement of restricted stock units into Quanta Services common stock.
Summary
- On June 1, 2024, Robert Scott Rowe, a director of Quanta Services, Inc., had 971 restricted stock units vest and settle into common stock.
- These units, granted on May 23, 2023, vested and were settled on June 1, 2024.
- Following the transaction, Rowe directly owns 2,087 shares of Quanta Services common stock and 622 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report on stock unit vesting, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may 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 transaction: vesting and settlement of restricted stock units. |
| June 04, 2024 | Date of filing. |
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