Parsons Corporation filings document formal updates for an operating company serving defense, intelligence, and critical infrastructure markets. Recent 8-K reports cover quarterly and annual results, financial guidance, backlog and book-to-bill metrics, completed acquisition activity, and Regulation FD communications.
Governance filings include definitive proxy materials, annual meeting voting results, board elections, auditor ratification, advisory executive-compensation votes, equity award disclosures, and officer transition reports. These records also describe compensatory arrangements and stock-based incentives tied to the company's public-company governance structure.
Parsons Corp director Harry T. McMahon purchased 10,000 shares of common stock in an open-market transaction at $49.14 per share on May 11, 2026. Following this buy, he directly owns 61,582 Parsons shares.
Parsons Corp President & CEO Carey A. Smith bought additional company stock in the open market. On May 8, 2026, he purchased 12,500 shares of common stock in two open‑market transactions around $50 per share, raising his direct holdings to 575,376 shares plus indirect ESOP-held shares.
Parsons Corporation reported mixed first quarter 2026 results with strong backlog but lower earnings. Revenue was $1.49 billion, down 4% year-over-year and 8% on an organic basis, mainly due to lower volume on a fixed-price confidential contract. Excluding this contract, total revenue rose 8% and organic revenue grew 3%.
Net income attributable to Parsons fell to $52.9 million from $66.2 million, with GAAP diluted EPS declining to $0.49 from $0.60. However, adjusted EBITDA edged up 1% to a record $150.9 million, and adjusted EBITDA margin improved to a record 10.1%. The Critical Infrastructure segment grew revenue 3% and expanded adjusted EBITDA margin to 10.8%, while Federal Solutions revenue declined 10% but improved margin to 9.4%.
Parsons posted a book-to-bill ratio of 1.4x on $2.06 billion of awards, driving record total backlog of $9.31 billion and record funded backlog of $6.6 billion. Operating cash flow was a Q1 record use of $4 million, an improvement versus the prior year. The company closed the up-to $375 million Altamira acquisition and reiterated its 2026 guidance, including revenue of $6.5–$6.8 billion and adjusted EBITDA of $615–$675 million.
Parsons Corporation reported softer results for the quarter ended March 31, 2026 while accelerating acquisitions and debt use. Revenue was $1.49 billion, down from $1.55 billion a year earlier, as Federal Solutions declined and Critical Infrastructure grew modestly. Net income attributable to Parsons fell to $52.9 million from $66.2 million, and diluted EPS declined to $0.49 from $0.60.
Operating cash flow was a small outflow of $3.7 million, improving from an $11.8 million outflow a year earlier. Parsons closed the $340.4 million cash acquisition of Altamira Technologies, with up to $45 million of additional earnout, and reported contributions from prior deals CTI and ASC. Goodwill rose to $2.42 billion and intangible assets to $407.9 million.
Total debt increased to $1.51 billion, including $800 million of 2029 convertible notes, a $450 million term loan and $274 million drawn on the revolving credit facility. The company repurchased $35.0 million of stock in the quarter and ended with $283.9 million in cash and $7.1 billion of remaining unsatisfied performance obligations, providing multi-year revenue visibility.
Parsons Corp director David C. Wajsgras reported an equity award of 2,947 shares of Common Stock. The shares were acquired at a stated price of $0.00 per share as a grant or award, not an open-market purchase or sale.
The footnote explains this represents fully vested restricted stock units, with vested shares to be delivered under the applicable grant notice, subject to any deferral election he makes. Following this award, Wajsgras directly holds 40,080 shares of Parsons common stock.
Parsons Corp director Suzanne M. Vautrinot received an equity award tied to 2,947 shares of common stock. The Form 4 classifies this as a grant or award acquisition at no cash cost per share. The award consists of fully vested restricted stock units that will settle in shares under the related grant terms, subject to any deferral election.
Following this award, Vautrinot’s reported direct ownership stands at 29,918 shares of Parsons common stock. This filing reflects compensation-related equity, not an open-market stock purchase or sale.
Smith Robert Hanson reported acquisition or exercise transactions in this Form 4 filing.
Parsons Corp director Robert Hanson Smith received an equity award rather than buying shares on the market. He was granted 2,947 shares of Common Stock as fully vested restricted stock units, with no cash paid per share. After this award, he directly holds 3,673 shares. The vested shares will be delivered under the grant’s terms and any deferral election he has made.
Parsons Corp director Mitchell M. Christian reported a stock-based compensation grant from the company. He received 2,947 shares of common stock as an award of fully vested restricted stock units with no purchase price. After this grant, he directly holds 29,918 shares of Parsons common stock.
The footnote explains that the vested shares will be delivered under the grant’s terms and conditions and may be deferred if the insider elected to delay delivery, underscoring this is a compensation-related, non-cash acquisition rather than an open-market purchase.
McMahon Harry T. reported acquisition or exercise transactions in this Form 4 filing.
Parsons Corp director Harry T. McMahon received an equity award tied to the company’s common stock. He was granted 2,947 fully vested restricted stock units on common shares at no cash cost. After this award, he directly holds 51,582 shares of Parsons Corp common stock.
The footnote explains that vested shares from these restricted stock units will be delivered under the grant’s terms, subject to any deferral election made by McMahon. This reflects compensation-related equity, not an open-market purchase or sale.
McDew Darren W reported acquisition or exercise transactions in this Form 4 filing.
Parsons Corp director Darren W. McDew received a compensation award of 2,947 common-share-equivalent restricted stock units at no cost. The award is fully vested, and the underlying shares will be delivered under the grant’s terms, increasing his direct holdings to 25,175 shares.