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 President & CEO Carey A. Smith reported a tax-related share disposition. On February 26, 2026, 7,132 shares of common stock were withheld at $66.31 per share to satisfy tax obligations, a non-market transaction coded as a tax-withholding disposition. After this, Smith directly owned 573,350 shares, with an additional 5,476.2481 shares held indirectly through an ESOP.
Parsons Corporation is asking stockholders to elect four directors, ratify PricewaterhouseCoopers as auditor for 2026, and approve an advisory vote on executive pay at its virtual annual meeting on April 14, 2026.
Management highlights 2025 revenue of $6.4 billion, down 6%, but up 12% when excluding a single confidential federal contract affected by a foreign-aid executive order. Adjusted EBITDA reached a record $609 million with a 9.6% margin, and net income was a record $241 million, up 3%. Operating cash flow was $478 million.
Parsons reports a book-to-bill ratio of 1.0 and backlog of $8.7 billion, plus $11 billion in additional single-award wins not yet booked. The company completed three acquisitions in 2025 and a fourth in early 2026 to expand capabilities in PFAS remediation, electronic warfare, Florida water infrastructure, and defense and intelligence analytics. Eleven of twelve directors are independent, and the board emphasizes strong governance, stock ownership and clawback policies, and a pay program heavily weighted to performance-based incentives.
Parsons Corporation approved a new stock-based award for CEO Carey A. Smith with a target grant-date value of $10 million. The award is structured as 60% performance stock units (PSUs) and 40% restricted stock units (RSUs).
The RSUs are scheduled to vest in equal portions over four years beginning March 10, 2026, contingent on Ms. Smith’s continued employment. The PSUs cover a performance period from January 1, 2026 through December 31, 2029 and will cliff vest after that period, based on relative total stockholder return versus a custom peer group.
The PSU payout scale ranges from zero below the 35th percentile to a 100% target payout of $6 million at the 65th percentile, and up to a maximum of $9 million at or above the 75th percentile, with interpolation between levels. The annualized face value of the package is $2.5 million, including RSUs with a target value of $1 million vesting each year for four years.
Parsons Corp Chief Human Resources Officer Susan M. Balaguer received 12,636 shares of common stock on February 20, 2026 as a grant/award, reflecting the vesting of previously granted performance stock units after strategic objective goals were determined to be met.
On the same date, 5,881 shares of common stock were disposed of at $65.53 per share to cover tax liabilities through a tax-withholding disposition. After these transactions, she directly held 38,619 shares of Parsons common stock and indirectly held 1,700.8145 shares through an ESOP.
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.
Martinez John Thomas reported acquisition or exercise transactions in this Form 4 filing.
Parsons Corp Chief Legal Officer John Thomas Martinez reported an equity award of 9,575 shares of common stock in the form of restricted stock units. These RSUs were granted at no cash cost and will vest in three equal annual installments beginning on March 10, 2027.
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.
Parsons Corp executive John Thomas Martinez, the company’s Chief Legal Officer, has filed an initial statement of beneficial ownership on Form 3. This filing establishes his status as a reporting insider of Parsons Corp. No stock purchases, sales, or other transactions are reported in this filing.
Parsons Corporation reports fiscal 2025 revenue of $6.4 billion, net income attributable to Parsons of $241.1 million, and Adjusted EBITDA of $609.3 million, reflecting its scale across defense, security, and infrastructure markets. Revenue is split between Federal Solutions (51%) and Critical Infrastructure (49%), with Adjusted EBITDA contributions of 46% and 54%, respectively.
Federal Solutions revenue declined 20% year over year, while Critical Infrastructure grew 15%, highlighting a mix shift toward infrastructure. Total backlog was $8.7 billion as of December 31, 2025, down 2% from 2024, including $6.4 billion funded, of which $4.1 billion is expected to convert to revenue over the next 12 months.
The company emphasizes technology-driven growth in cyber, space, missile defense, intelligent transportation, and water and environmental services, supported by a string of acquisitions. In 2025 it acquired CTI for $91.5 million, Applied Sciences for $28.1 million, and TRS Group for $36.6 million, following larger 2024 deals for BCC Engineering and BlackSignal Technologies.
Parsons underscores a people-first culture with over 21,000 employees, robust mentoring and leadership programs, and broad employee ownership. Its ESOP held 50,864,117 shares, or about 39% of outstanding stock, at year-end 2025. The company also returned capital via share repurchases totaling $204.7 million for 3,535,849 shares at an average price of $57.89.
Parsons Corporation reported mixed fourth-quarter and full-year 2025 results, with record profitability but lower reported revenue. Q4 2025 revenue was $1.60 billion, down 8% year-over-year, while net income rose 3% to $56 million and adjusted EBITDA reached a record $153 million with a 9.6% margin.
For 2025, revenue decreased 6% to $6.36 billion, but net income increased 3% to a record $241 million. Adjusted EBITDA was a record $609 million and margin improved to 9.6%. Critical Infrastructure grew strongly, while Federal Solutions declined due to lower volume on a fixed-price confidential contract. Backlog ended at $8.7 billion, and 2026 guidance calls for revenue of $6.5–$6.8 billion, adjusted EBITDA of $615–$675 million, and operating cash flow of $470–$530 million.