PWR.NYSEQuanta Services, INC

Form 4: Quanta Services EVP Donald Wayne Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Donald Wayne, EVP and General Counsel of Quanta Services, reports the disposition of shares to cover taxes and a sale under a 10b5-1 trading plan.

Summary

  • Donald Wayne, an EVP and General Counsel at Quanta Services, reported changes in beneficial ownership of the company's common stock.
  • On March 26, 2024, 788 shares were disposed of to cover taxes related to the vesting of restricted stock units at a price of $255.54.
  • On March 27, 2024, 1,101 shares were sold at a price of $261.94, pursuant to a pre-arranged Rule 10b5-1 trading plan.
  • Following these transactions, Wayne directly owns 40,065 shares and indirectly owns 375 shares through a younger daughter.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of insider trading activity and provide transparency into the transactions of company executives. The use of 10b5-1 plans is common to avoid accusations of trading on inside information.

Stakeholder Impact

  • The transactions are unlikely to have a significant impact on stakeholders as they are routine and related to executive compensation and a pre-arranged trading plan.

Key Dates

DateDescription
May 15, 2023Date the reporting person adopted the Rule 10b5-1 trading plan.
March 26, 2024Disposition of 788 shares to cover taxes.
March 27, 2024Sale of 1,101 shares under Rule 10b5-1 trading plan.

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