Form 4: Quanta Services Director Worthing Jackman Receives Restricted Stock Unit Grant

Quanta Services, Inc. Director Worthing Jackman was granted 559 restricted stock units, increasing his beneficial ownership to 11,670 units, as disclosed in a recent SEC Form 4 filing.

Summary

• Worthing Jackman, a Director of Quanta Services, Inc. (PWR), acquired 559 Restricted Stock Units (RSUs) on May 22, 2025.
• These RSUs were granted at a price of $0 and are generally settled in common stock on a one-for-one basis.
• The reporting person has the option to settle up to 50% of the restricted stock units in cash under certain circumstances.
• The RSUs are scheduled to vest and settle on June 1, 2026, though settlement can be deferred by the reporting person pursuant to a nonqualified deferred compensation plan.
• Following this transaction, Mr. Jackman's total beneficial ownership in Quanta Services, Inc. stands at 11,670 securities, which includes both unvested and deferred restricted stock units.
• The filing also notes a correction regarding EDGAR access codes, with Mr. Jackman consolidating future filings under a single CIK.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive event for the individual, aligning their interests with shareholders. For the company, it's a standard compensation practice and generally viewed as neutral to slightly positive as it incentivizes long-term performance.

Positives

• Director Worthing Jackman received a grant of 559 Restricted Stock Units, aligning his interests with shareholders.
• The grant increases Mr. Jackman's beneficial ownership in Quanta Services, Inc. to 11,670 units, demonstrating continued insider stake.

Risks

• The value of the restricted stock units is subject to the future market price of Quanta Services, Inc. common stock.
• The vesting of the restricted stock units is contingent upon the specified vesting date of June 1, 2026, and potential deferral options.

Future Outlook

NA

Management Comments

• "Unless otherwise provided in the award agreement, the restricted stock units vest and settle on June 1, 2026."
• "Settlement of all or a portion of the restricted stock units may be deferred by the reporting person pursuant to the terms of a nonqualified deferred compensation plan maintained by the Company."
• "Previously, the Reporting Person was inadvertently issued two sets of EDGAR access codes. Going forward, the Reporting Person will make all filings using this CIK."

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting a standard form of executive and director compensation. It does not provide information relevant to broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• The grant of 559 Restricted Stock Units to Director Worthing Jackman by Quanta Services, Inc. is a related party transaction, representing a form of compensation.

Stakeholder Impact

• Shareholders: Minor potential dilution from the issuance of shares upon RSU settlement; however, it aligns director incentives with shareholder value creation.
• Director (Worthing Jackman): Receives additional equity compensation, increasing his stake and potential future wealth tied to the company's performance.

Next Steps

• Vesting and settlement of the 559 Restricted Stock Units on June 1, 2026.
• Potential deferral of RSU settlement by the reporting person.
• Future SEC filings by Worthing Jackman will be made under the corrected CIK.

Key Dates

Keywords

Quanta Services, PWR, Worthing Jackman, Restricted Stock Units, RSU, Insider Transaction, Form 4, Director Compensation, Equity Grant, Beneficial Ownership