Form 4: Quanta Services Executive Derrick A. Jensen Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP Derrick A. Jensen of Quanta Services, Inc. reports disposing of 625 shares of common stock on March 9, 2024, to cover taxes related to vested restricted stock units.
Summary
- On March 9, 2024, Derrick A. Jensen, an Executive Vice President at Quanta Services, Inc., disposed of 625 shares of common stock.
- The transaction was executed to cover taxes associated with the vesting of restricted stock units under the company's equity incentive plan.
- The price per share was $242.06.
- Following the transaction, Jensen directly owns 275,654 shares of Quanta Services, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor transactions by company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of stock disposal transaction. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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