Form 4: Quanta Services Executive Derrick Jensen Reports Stock Transactions
SEC Form 4
EVP Derrick Jensen reports acquisition and disposal of Quanta Services stock due to vesting of stock units and tax withholdings.
Summary
- Derrick Jensen, EVP of Business Administration at Quanta Services, reported changes in beneficial ownership of company stock.
- On March 1, 2024, Jensen acquired 23,579 shares of common stock from vesting performance stock units.
- Also on March 1, 2024, 9,290 shares were disposed of to cover taxes related to the vesting of performance stock units at a price of $241.51.
- On March 4, 2024, 949 shares were disposed of to cover taxes related to the vesting of restricted stock units at a price of $240.89.
- On March 4, 2024, Jensen acquired 3,414 restricted stock units.
- Following these transactions, Jensen directly owns 276,279 shares of Quanta Services common stock.
Sentiment
Score: 5
Explanation: The document reflects routine stock transactions related to executive compensation, indicating a neutral sentiment.
Positives
- The acquisition of shares through vesting indicates that Jensen is meeting performance goals set by the company.
- The acquisition of restricted stock units suggests continued alignment of Jensen's interests with the long-term performance of Quanta Services.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Acquisition of 23,579 shares from vesting performance stock units. |
| 03/01/2024 | Disposition of 9,290 shares for tax withholdings at $241.51. |
| 03/04/2024 | Disposition of 949 shares for tax withholdings at $240.89. |
| 03/04/2024 | Acquisition of 3,414 restricted stock units. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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