Quanta Services (NYSE: PWR) CEO reports RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanta Services President and CEO Earl C. Austin Jr. reported a tax-related share disposition in company stock. On the reported date, 3,570 shares of common stock were withheld at $566 per share to cover taxes tied to the vesting of restricted stock units under an equity incentive plan. After this tax-withholding disposition, he directly held 711,852 common shares, and an additional 20,000 shares were reported as held indirectly through the Austin 1999 Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Austin Earl C. Jr.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,570 | $566.00 | $2.02M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 711,852 shares (Direct);
Common Stock — 20,000 shares (Indirect, By Austin 1999 Family Trust)
Footnotes (1)
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FAQ
What insider transaction did PWR CEO Earl C. Austin Jr. report?
Earl C. Austin Jr. reported a tax-withholding disposition of Quanta Services common stock. 3,570 shares were withheld at $566 per share to cover taxes from vesting restricted stock units under the company’s equity incentive plan.
Was the PWR CEO’s Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations related to the vesting of restricted stock units issued under an equity incentive plan.
What does transaction code F mean in the PWR CEO’s Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, 3,570 shares were withheld to cover taxes on vesting restricted stock units granted under Quanta Services’ equity incentive plan.