Quanta Services (PWR) director receives 249 restricted stock units in 2027-settling award
Rhea-AI Filing Summary
FRIED BERNARD reported acquisition or exercise transactions in this Form 4 filing.
Quanta Services director Bernard Fried received a compensation grant of 249 restricted stock units (RSUs). Each RSU is linked to one share of common stock, and in some situations he may choose to settle up to 50% of the units in cash instead of shares.
Unless the award agreement states otherwise, these RSUs vest and are scheduled to settle on June 1, 2027, with an option to defer settlement under the company’s nonqualified deferred compensation plan. After this grant, Fried directly holds a total of 20,381 RSUs, including both unvested units and vested units whose settlement has been deferred.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRIED BERNARD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 249 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 20,381 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. Includes unvested restricted stock units and vested restricted stock units for which settlement has been deferred by the reporting person pursuant to the terms of a nonqualified deferred compensation plan maintained by the Company.
Key Figures
RSUs granted: 249 units
Total RSUs after grant: 20,381 units
Vesting and settlement date: June 1, 2027
+1 more
4 metrics
RSUs granted
249 units
Restricted stock unit award to director Bernard Fried
Total RSUs after grant
20,381 units
Direct RSU holdings following the reported transaction
Vesting and settlement date
June 1, 2027
Scheduled vesting and settlement of RSU award unless modified or deferred
Cash settlement option
Up to 50% of RSUs
Portion of RSUs that may be settled in cash instead of shares
Key Terms
Restricted Stock Units, nonqualified deferred compensation plan, vest, settlement has been deferred
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"
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
vest financial
"Unless otherwise provided in the award agreement, the restricted stock units vest and settle on June 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settlement has been deferred financial
"Includes unvested restricted stock units and vested restricted stock units for which settlement has been deferred by the reporting person"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Quanta Services (PWR) disclose for Bernard Fried?
Quanta Services disclosed that director Bernard Fried received a grant of 249 restricted stock units. These RSUs represent a stock-based compensation award and are convertible into an equal number of common shares, subject to vesting, settlement, and potential deferral elections allowed under the company’s plans.
When do Bernard Fried’s new Quanta Services (PWR) RSUs vest and settle?
The restricted stock units are scheduled to vest and settle on June 1, 2027, unless the award agreement provides otherwise. Settlement timing can also be adjusted if Fried elects to defer all or part of the RSUs under Quanta Services’ nonqualified deferred compensation plan.
How many Quanta Services (PWR) restricted stock units does Bernard Fried hold after this grant?
After this grant, Bernard Fried directly holds 20,381 restricted stock units in total. This amount includes both unvested RSUs and vested RSUs for which he has elected to defer settlement pursuant to Quanta Services’ nonqualified deferred compensation plan.
How are Bernard Fried’s Quanta Services (PWR) RSUs settled?
Each restricted stock unit is generally settled in one share of Quanta Services common stock. In certain circumstances, Bernard Fried may elect to settle up to 50% of the RSUs in cash instead of shares, providing flexibility in how he receives the award’s value at settlement.
Can Bernard Fried defer settlement of his Quanta Services (PWR) RSUs?
Yes. Settlement of all or a portion of the restricted stock units can be deferred by Bernard Fried. This deferral is made under the terms of Quanta Services’ nonqualified deferred compensation plan, allowing him to delay receipt of shares or cash beyond the scheduled settlement date.