Form 4: Quanta Services Executive Derrick A. Jensen Reports Stock Transaction

EVP Derrick A. Jensen of Quanta Services, Inc. reports disposition of 1,155 shares to cover taxes related to vested restricted stock units.

Summary

• On March 26, 2024, Derrick A. Jensen, EVP Business Administration at Quanta Services, Inc. (PWR), reported a transaction involving the disposition of 1,155 shares of common stock.
• The shares were withheld to cover taxes associated with the vesting of restricted stock units issued under the company's equity incentive plan.
• The price per share was $255.54.
• Following the transaction, Jensen beneficially owns 274,499 shares of Quanta Services, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from equity compensation, a common practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.

Key Dates