Parsons (NYSE: PSN) CFO receives stock awards and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parsons Corp Chief Financial Officer Matthew Ofilos reported equity award activity and related tax withholding. He acquired 10,472 and 31,309 shares of common stock through grant or award transactions at no cash cost, including restricted stock units and performance-based awards that vested after strategic goals were met. To cover tax obligations, 14,171 shares were disposed of at a price of $65.53 per share through a tax-withholding transaction rather than an open-market sale. Following these changes, he also reports 1,700.8146 shares held indirectly through the company’s employee stock ownership plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ofilos Matthew
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,472 | $0.00 | -- |
| Grant/Award | Common Stock | 31,309 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,171 | $65.53 | $929K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 62,063 shares (Direct);
Common Stock — 1,700.815 shares (Indirect, By ESOP)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest in three equal annual installments beginning on March 10, 2027 and have no expiration date. Includes 289 shares of common stock automatically purchased on behalf of the reporting person pursuant to the terms of the Parsons Employee Stock Purchase Plan. The reporting person was previously granted an award of performance stock units (PSUs), which vest in the form of common stock based upon the Issuer's performance against certain strategic objective goals. On February 20, 2026, the Compensation Committee of the Issuer's Board of Directors determined that the strategic objective goals had been met, resulting in the vesting of these shares.
FAQ
What insider transactions did Parsons (PSN) CFO Matthew Ofilos report?
Matthew Ofilos reported equity awards and a tax-related share disposition. He acquired 10,472 and 31,309 Parsons common shares via grants, and 14,171 shares were disposed of to satisfy tax obligations, rather than being sold in an open-market transaction.
What do the restricted stock units (RSUs) granted to the Parsons (PSN) CFO represent?
The RSUs represent a contingent right to receive one Parsons common share per unit. According to the footnote, they vest in three equal annual installments beginning March 10, 2027, providing time-based equity compensation with no stated expiration date.
How were performance stock units (PSUs) treated in this Parsons (PSN) Form 4?
Previously granted PSUs vested into common stock after the Compensation Committee determined strategic objective goals were met on February 20, 2026. This performance assessment triggered delivery of shares, contributing to the reported acquisitions in the filing.
What is the significance of the tax-withholding disposition in the Parsons (PSN) filing?
The 14,171-share disposition at $65.53 per share paid tax obligations tied to equity awards. Such transactions typically indicate shares withheld or delivered to cover taxes, not a voluntary decision by the insider to sell shares in the open market.
What indirect Parsons (PSN) holdings does the CFO report in this Form 4?
The CFO reports 1,700.8146 shares held indirectly through an employee stock ownership plan. A footnote also notes 289 shares automatically purchased for him under the Parsons Employee Stock Purchase Plan, reflecting ongoing participation in company share programs.