Quanta CEO reports equity awards and tax share withholding
Quanta Services President and CEO Earl C. Austin Jr. reported equity compensation-related transactions in common stock.
Rhea-AI Filing Summary
Quanta Services President and CEO Earl C. Austin Jr. reported equity compensation-related transactions in common stock. He acquired 81,834 shares from the vesting of earned performance stock units and an additional 8,320 shares of restricted stock units, both at no cash price, under the company’s equity incentive plan.
To cover taxes associated with the vesting of performance stock units, 32,202 shares were disposed of at $562.77 per share through a tax-withholding transaction, not an open-market sale. Following these transactions, he held 707,102 shares directly and 20,000 shares indirectly through the Austin 1999 Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 81,834 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 32,202 | $562.77 | $18.12M |
| Grant/Award | Common Stock | 8,320 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. These shares represent the acquisition of common stock resulting from the vesting of earned performance stock units issued under an equity incentive plan of the Company.
- F2. These shares were withheld to cover taxes associated with the vest of performance stock units issued under an equity incentive plan of the Company.
- F3. These shares represent restricted stock units that may be settled solely by the issuance of an equal number of shares of common stock of the Company and remain subject to vesting based on the passage of time and continued employment.
FAQ
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What insider stock transactions did Quanta Services (PWR) CEO report?
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