Parsons (PSN) CEO receives major RSU grants as PSU award vests
Rhea-AI Filing Summary
Parsons Corp President & CEO Carey A. Smith reported multiple equity awards and related tax withholding in common stock. On February 20, 2026, Smith acquired 59,844 shares as a restricted stock unit (RSU) award that will vest in four equal annual installments beginning on March 10, 2027.
Smith also acquired an additional 44,883 RSU-based shares vesting in three equal annual installments beginning on March 10, 2027, and 150,231 shares from a performance stock unit (PSU) award after strategic objective goals were determined to be met. To cover tax obligations, 67,755 shares were disposed of at $65.53 per share. Following these transactions, Smith directly held up to 648,237 shares at one point during the sequence and 580,482 shares after tax withholding, with an additional 5,476.2481 shares held indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 59,844 | $0.00 | -- |
| Grant/Award | Common Stock | 44,883 | $0.00 | -- |
| Grant/Award | Common Stock | 150,231 | $0.00 | -- |
| Tax Withholding | Common Stock | 67,755 | $65.53 | $4.44M |
| holding | Common Stock | -- | -- | -- |
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 four equal annual installments beginning on March 10, 2027 and have no expiration date. Includes 276 shares of common stock automatically purchased on behalf of the reporting person pursuant to the terms of the Parsons Employee Stock Purchase Plan. Represents an award of 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. 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.
