Quanta Services (PWR) executive reports stock awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanta Services executive Gerald A. Ducey Jr., President – Strategic Operations, reported equity-based transactions in the company’s common stock. He acquired 8,812 shares and 1,684 shares of common stock at $0.0000 per share as grants and awards under an equity incentive plan, reflecting vesting of earned performance stock units and restricted stock units. In a related move, 3,473 shares at $562.7700 per share were disposed of to cover associated tax liabilities, described as a tax-withholding disposition rather than an open-market sale. Following these transactions, his directly owned common stock holdings were reported at 25,299 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ducey Gerald A JR
Role
Pres. - Strategic Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,812 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,473 | $562.77 | $1.95M |
| Grant/Award | Common Stock | 1,684 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,772 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 PWR executive Gerald A. Ducey Jr. report?
Gerald A. Ducey Jr. reported two equity grants and one tax-related disposition of Quanta Services common stock. He received performance and restricted stock awards, while a portion of shares was withheld to satisfy tax obligations tied to these equity incentive plan vestings.
What equity awards did the PWR executive receive in this Form 4 filing?
The filing indicates Ducey acquired common stock from vesting performance stock units and holds restricted stock units. These equity awards, granted under Quanta Services’ incentive plan, either converted into shares upon vesting or remain subject to time-based vesting and continued employment conditions.
How are performance stock units and restricted stock units described in the PWR filing?
The filing explains that some shares came from vesting earned performance stock units, while other holdings are restricted stock units. The restricted stock units may be settled only in an equal number of common shares and remain subject to time-based vesting and continued employment requirements.