Quanta Services (NYSE: PWR) director awarded 249 restricted stock units
Rhea-AI Filing Summary
dePass Olsovsky Josephine Ann Marie reported acquisition or exercise transactions in this Form 4 filing.
QUANTA SERVICES, INC. director Josephine Ann Marie dePass Olsovsky received a grant of 249 restricted stock units, each tied to one share of common stock. These units generally vest and settle on June 1, 2027, and her total restricted stock units reported after the grant are 808. Up to 50% of the award may be settled in cash, and settlement can be deferred under the company’s nonqualified deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
dePass Olsovsky Josephine Ann Marie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 249 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 808 shares (Direct)
Footnotes (2)
- 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.
Key Figures
RSUs granted: 249 units
RSUs after transaction: 808 units
Exercise/settlement price: $0.00 per unit
+2 more
5 metrics
RSUs granted
249 units
Restricted stock units granted on May 21, 2026
RSUs after transaction
808 units
Total restricted stock units following the grant
Exercise/settlement price
$0.00 per unit
RSUs granted at no purchase price
Vesting and settlement date
June 1, 2027
Scheduled vesting and settlement date unless otherwise provided
Cash settlement option
Up to 50%
Portion of RSUs that may be settled in cash
Key Terms
restricted stock units, nonqualified deferred compensation plan, vest and settle, settled in cash
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
"may be deferred by the reporting person pursuant to the terms of a nonqualified deferred compensation plan maintained by the Company"
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 and settle financial
"the restricted stock units vest and settle on June 1, 2027"
settled in cash financial
"the reporting person may elect to settle up to 50% of the restricted stock units in cash"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PWR director Josephine dePass Olsovsky report in this Form 4?
She reported receiving 249 restricted stock units tied to Quanta Services common stock. These units are a stock-based compensation award, not an open-market purchase, and increase her total reported restricted stock units position to 808 following the transaction.
How are the new restricted stock units for PWR’s director settled?
Each restricted stock unit is settled in one share of Quanta Services common stock. In certain circumstances, the director may elect to settle up to 50% of the restricted stock units in cash instead of stock, providing some flexibility in how the award is received.
When do Josephine dePass Olsovsky’s PWR restricted stock units vest?
Unless otherwise provided in the award agreement, the restricted stock units vest and settle on June 1, 2027. This means the director generally must remain eligible through that date before receiving the underlying shares or any permitted cash settlement associated with the units.
Can the director defer settlement of the PWR restricted stock units?
Yes. Settlement of all or a portion of the restricted stock units may be deferred. The director can defer under a nonqualified deferred compensation plan maintained by Quanta Services, potentially shifting when the shares or cash are actually delivered for this award.
How many restricted stock units does the PWR director hold after this grant?
After receiving the 249 restricted stock units, the director’s total reported restricted stock units position is 808. This figure reflects all restricted stock units of this type reported in the filing following the transaction, showing the cumulative size of this specific equity incentive position.