Quanta Services (PWR) director receives 387 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanta Services director Doyle N. Beneby received a compensation grant of 387 restricted stock units. These units relate to Quanta common stock on a one-for-one basis and were awarded at no exercise price.
The restricted stock units are scheduled to vest and settle on June 1, 2027, unless the award agreement provides otherwise. Beneby may elect to settle up to 50% of the units in cash instead of shares, and can defer settlement under the company’s nonqualified deferred compensation plan. After this award, he holds a total of 1,257 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beneby Doyle N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 387 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,257 shares (Direct, null)
Footnotes (1)
- The restricted stock units are settled in shares of common stock on a one-for-one basis, provided that in certain circumstances the reporting person may elect to settle up to 50% of the restricted stock units in cash. Unless otherwise provided in the award agreement, the restricted stock units vest and settle on June 1, 2027. Settlement of all or a portion of the restricted stock units may be deferred by the reporting person pursuant to the terms of a nonqualified deferred compensation plan maintained by the Company.
Key Figures
RSUs granted: 387 units
RSUs after grant: 1,257 units
Exercise price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
387 units
Restricted stock units granted on May 21, 2026
RSUs after grant
1,257 units
Total restricted stock units following transaction
Exercise price
$0.0000 per unit
Conversion or exercise price for the RSUs
Vesting and settlement date
June 1, 2027
Scheduled vesting and settlement for the RSU grant
Cash settlement limit
50%
Maximum portion of RSUs that may be settled in cash
Key Terms
Restricted Stock Units, nonqualified deferred compensation plan, vest and settle, grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"The restricted stock units are settled in shares of common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
nonqualified deferred compensation plan financial
"Settlement of all or a portion of the restricted stock units may be deferred by the reporting person pursuant to the terms of a nonqualified deferred compensation plan"
vest and settle financial
"the restricted stock units vest and settle on June 1, 2027"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What transaction did Quanta Services (PWR) director Doyle N. Beneby report?
Doyle N. Beneby reported receiving a grant of 387 restricted stock units as compensation. These units are linked to Quanta Services common stock on a one-for-one basis and involve no exercise price, reflecting a standard equity-based incentive award for a director.
How many restricted stock units did Doyle N. Beneby receive in this Form 4 for PWR?
He received 387 restricted stock units tied to Quanta Services common stock. This award increases his total restricted stock unit holdings to 1,257 units following the transaction, according to the filing’s post-transaction ownership figures disclosed for this derivative security position.
When do Doyle N. Beneby’s new restricted stock units in Quanta Services vest?
The restricted stock units are scheduled to vest and settle on June 1, 2027. This timing may be adjusted only if otherwise provided in the specific award agreement governing the grant, as described in the Form 4 footnote language.
How many restricted stock units does Doyle N. Beneby hold in total after this PWR grant?
Following the grant, Beneby holds a total of 1,257 restricted stock units. This total reflects his position in this derivative security immediately after the reported award and is disclosed in the post-transaction ownership column in the Form 4 filing.
Can settlement of Doyle N. Beneby’s Quanta restricted stock units be deferred?
Yes, settlement of all or a portion of the restricted stock units may be deferred. Any deferral would occur under the terms of a nonqualified deferred compensation plan maintained by Quanta Services, as specified in the explanatory footnote to the transaction.