Form 4: Quanta Services EVP Donald Wayne Reports Stock Transactions

Executive Vice President and General Counsel of Quanta Services, Donald Wayne, reports multiple transactions involving company stock, including acquisitions, disposals, and shares withheld for taxes.

Summary

• Donald Wayne, EVP and General Counsel of Quanta Services, reported several transactions involving Quanta Services common stock.
• On March 1, 2024, Mr. Wayne acquired 16,076 shares of common stock from vesting performance stock units and disposed of 6,341 shares to cover taxes at a price of $241.51.
• On March 4, 2024, he disposed of 647 shares to cover taxes related to restricted stock units at a price of $240.89 and acquired 2,560 restricted stock units.
• Also on March 4, 2024, Mr. Wayne sold 8,842 shares at $242.27 per share.
• On March 5, 2024, he sold 904 shares at $241.81 per share and gifted 250 shares.
• Following these transactions, Mr. Wayne directly owns 42,975 shares of Quanta Services common stock and indirectly owns 375 shares through his younger daughter.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports stock transactions, which are a mix of acquisitions and disposals. The disposals are partly to cover tax obligations, which is a common practice.

Positives

• The acquisition of 16,076 shares due to vesting performance stock units indicates the executive is meeting performance goals.

Industry Context

Form 4 filings are a routine part of executive compensation and stock ownership transparency in publicly traded companies. These filings provide insights into executive sentiment and alignment with shareholder interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings.

Key Dates