Form 4: Quanta Services VP of Tax Reports Stock Transactions
SEC Form 4 Filing
Dorothy Upperman, VP of Tax at Quanta Services, reports the acquisition and disposal of company stock related to performance and restricted stock unit vesting.
Summary
- On March 1, 2024, Dorothy Upperman acquired 2,316 shares of Quanta Services common stock due to the vesting of performance stock units.
- Also on March 1, 2024, 933 shares were disposed of at $241.51 to cover taxes related to the vesting of these performance stock units.
- On March 4, 2024, 165 shares were disposed of at $240.89 to cover taxes associated with the vesting of restricted stock units.
- Additionally, on March 4, 2024, 621 restricted stock units were acquired, which may be settled by issuing an equal number of common stock shares and are subject to vesting based on time and continued employment.
- Following these transactions, Upperman beneficially owns 14,882 shares of Quanta Services common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard compensation practices.
Positives
- The acquisition of shares through vesting of performance and restricted stock units indicates that Upperman is incentivized to contribute to the company's success.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
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 |
|---|---|
| 2024-01-29 | Date of execution of Limited Power of Attorney |
| 2024-03-01 | Acquisition of 2,316 shares and disposal of 933 shares. |
| 2024-03-04 | Disposal of 165 shares and acquisition of 621 restricted stock units. |
| 2024-03-05 | Date of signature for the Form 4 filing. |
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