Quanta Services (PWR) president receives stock awards, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanta Services President, Electric Power Karl W. Studer reported equity-related transactions in company common stock. He acquired 20,143 shares from the vesting of earned performance stock units granted under an equity incentive plan, and an additional 2,448 shares in the form of restricted stock units that remain subject to time-based vesting and continued employment.
To cover taxes tied to the vesting of these performance stock units, 8,728 shares were disposed of through share withholding. After these award grants and tax-withholding dispositions, Studer directly holds 36,124 shares of Quanta Services common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Studer Karl W
Role
President, Electric Power
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,143 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,728 | $562.77 | $4.91M |
| Grant/Award | Common Stock | 2,448 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,404 shares (Direct)
Footnotes (1)
- 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. These shares were withheld to cover taxes associated with the vest of performance stock units issued under an equity incentive plan of the Company. 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
What insider transactions did Quanta Services (PWR) report for Karl W. Studer?
Karl W. Studer reported equity award activity in Quanta Services common stock. He received shares from vesting performance stock units and new restricted stock units, while a portion of shares was withheld to satisfy taxes related to the performance unit vesting.
What types of equity awards did Quanta Services (PWR) grant to Karl W. Studer?
Karl W. Studer’s transactions involve performance stock units and restricted stock units. Earned performance stock units vested into common shares, while separate restricted stock units were granted that can be settled in an equal number of shares and remain subject to future time-based vesting requirements.