Form 4: Quanta Services EVP Reports Stock Unit Vesting, Tax Withholding

Donald Wayne, EVP and General Counsel of Quanta Services, reported the vesting of performance stock units and restricted stock units, alongside a disposition of shares to cover tax obligations.

Summary

• Donald Wayne, Executive Vice President and General Counsel of Quanta Services, Inc. (PWR), reported transactions on February 26, 2026.
• Acquired 9,169 shares of common stock resulting from the vesting of earned performance stock units, with a transaction price of $0.
• Disposed of 3,616 shares of common stock at a price of $562.77 per share to cover taxes associated with the vesting of performance stock units.
• Acquired 1,168 restricted stock units (common stock equivalent) that may be settled by the issuance of an equal number of common shares, with a transaction price of $0.
• Following these transactions, Donald Wayne's direct beneficial ownership of Quanta Services common stock is 40,796 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as moderately positive. While there was a net decrease in reported beneficial ownership due to tax withholding, the underlying events of performance unit vesting and RSU grants are positive indicators of executive alignment and achievement.

Positives

• The vesting of 9,169 performance stock units indicates the achievement of previously set performance targets by the executive.
• The acquisition of 1,168 restricted stock units further aligns the executive's long-term interests with those of shareholders, subject to time-based vesting and continued employment.

Negatives

• A disposition of 3,616 shares was made to cover tax liabilities, which is a non-discretionary sale and reduces the executive's direct shareholding.
• The net effect of these reported transactions resulted in a decrease of 2,448 shares in direct beneficial ownership (from 43,244 to 40,796 shares) following the initial acquisition of performance units.

Future Outlook

The filing does not contain specific forward-looking statements or guidance, as it primarily reports past insider transactions.

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported in a Form 4, provide insights into management's direct stake in the company. While the vesting of performance units is a positive sign of executive performance, the subsequent tax-related disposition is a common and non-discretionary event. The net change in beneficial ownership from these specific transactions should be considered in the broader context of the executive's overall holdings and the company's performance.

Stakeholder Impact

• Shareholders: The vesting of performance units suggests management is meeting targets, which can be positive. The executive's continued ownership, even with tax-related dispositions, maintains alignment with shareholder interests.

Key Dates

Keywords

Quanta Services, PWR, Insider Transaction, Form 4, Executive Compensation, Stock Units, Restricted Stock, Performance Shares