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Quanta Services (PWR) director Baxter gains 559 shares from RSU settlement

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Quanta Services director Warner L. Baxter exercised restricted stock units that vested as part of his equity compensation. On June 1, 2026, 559 restricted stock units settled into 559 shares of common stock on a one-for-one basis, increasing his direct common stock holdings to 1,181 shares. Following the settlement, he holds 249 restricted stock units, which were originally granted on May 22, 2025.

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Insider BAXTER WARNER L
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 559 $0.00 --
Exercise Common Stock 559 $0.00 --
Holdings After Transaction: Restricted Stock Units — 249 shares (Direct, null); Common Stock — 1,181 shares (Direct, null)
Footnotes (1)
  1. The restricted stock units are settled in shares of common stock on a one-for-one basis. The restricted stock units were granted on May 22, 2025 and vested and settled on June 1, 2026.
RSUs settled 559 units Restricted stock units settled into common stock on June 1, 2026
Common shares acquired 559 shares Shares of common stock received from RSU settlement on June 1, 2026
Common shares after transaction 1,181 shares Direct holdings of common stock following the June 1, 2026 transaction
Remaining restricted stock units 249 units RSU balance after the June 1, 2026 settlement
Grant date of RSUs May 22, 2025 Date the restricted stock units were granted
Vesting and settlement date June 1, 2026 Date the restricted stock units vested and were settled
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BAXTER WARNER L
(Last)(First)(Middle)
2727 NORTH LOOP WEST
(Street)
HOUSTON TEXAS 77008-1044
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
QUANTA SERVICES, INC. [ PWR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026M559A$01,181D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)06/01/2026M559 (2) (2)Common Stock559$0249D
Explanation of Responses:
1. The restricted stock units are settled in shares of common stock on a one-for-one basis.
2. The restricted stock units were granted on May 22, 2025 and vested and settled on June 1, 2026.
Remarks:
/s/ Matthew D. McCoy, Attorney-in-Fact06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Quanta Services (PWR) director Warner L. Baxter report in this Form 4?

Warner L. Baxter reported the settlement of restricted stock units into common shares. On June 1, 2026, 559 restricted stock units converted into 559 shares of Quanta Services common stock as part of his equity compensation.

How many Quanta Services (PWR) shares did Warner L. Baxter acquire in this transaction?

He acquired 559 shares of Quanta Services common stock. These shares came from the settlement of 559 restricted stock units that vested and were settled on June 1, 2026, at a conversion rate of one share per unit.

What are restricted stock units in the Quanta Services (PWR) Form 4 filing?

Restricted stock units are equity awards that convert into shares after vesting. In this filing, each restricted stock unit is settled in one share of Quanta Services common stock when vesting conditions are met and the settlement date occurs.

When were Warner L. Baxter’s Quanta Services (PWR) restricted stock units granted and vested?

The restricted stock units were granted on May 22, 2025 and vested and settled on June 1, 2026. At settlement, 559 vested units converted into 559 shares of Quanta Services common stock, as disclosed in the Form 4.

How many Quanta Services (PWR) shares does Warner L. Baxter hold after this Form 4 transaction?

After the transaction, he holds 1,181 shares of Quanta Services common stock directly. The Form 4 also shows a remaining balance of 249 restricted stock units following the June 1, 2026 settlement.

Did Warner L. Baxter sell any Quanta Services (PWR) shares in this Form 4?

No sales were reported in this Form 4. The filing shows only acquisitions through the exercise and settlement of restricted stock units into common shares, with no open-market sales or dispositions disclosed.