Quanta Services (PWR) director Bernard Fried settles 559 RSUs into stock
Rhea-AI Filing Summary
Quanta Services director Bernard Fried reported a routine equity grant vesting. On June 1, 2026, he exercised restricted stock units to acquire 559 shares of Quanta Services common stock at a stated price of $0.00 per share, reflecting settlement of previously granted compensation.
After this transaction, Fried directly holds 10,165 common shares and indirectly holds 12,355 common shares through the Fried Family Revocable Trust. The footnotes state that the restricted stock units were granted on May 22, 2025, vested and settled on June 1, 2026, and are settled one-for-one in common stock, including units deferred under a nonqualified deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 559 shares
Net Buy
3 txns
Insider
FRIED BERNARD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 559 | $0.00 | $0.00 |
| Exercise | Common Stock | 559 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 14,999 shares (Direct);
Common Stock — 10,165 shares (Direct);
Common Stock — 12,355 shares (Indirect, By Fried Family Revocable Trust)
Footnotes (3)
- F1. The restricted stock units are settled in shares of common stock on a one-for-one basis.
- F2. The restricted stock units were granted on May 22, 2025 and vested and settled on June 1, 2026.
- F3. Includes unvested restricted stock units and vested restricted stock units for which settlement has been deferred by the reporting person pursuant to the terms of a nonqualified deferred compensation plan maintained by the Company.
Key Figures
RSUs exercised: 559 shares
Exercise price: $0.00 per share
Direct holdings after transaction: 10,165 shares
+3 more
6 metrics
RSUs exercised
559 shares
Restricted Stock Units converted to common stock on June 1, 2026
Exercise price
$0.00 per share
Stated transaction price for RSU settlement
Direct holdings after transaction
10,165 shares
Common stock directly held by Bernard Fried following the Form 4 transactions
Indirect holdings after transaction
12,355 shares
Common stock held indirectly via Fried Family Revocable Trust
Grant date of RSUs
May 22, 2025
Date restricted stock units were originally granted
Vesting and settlement date
June 1, 2026
Date restricted stock units vested and settled into common stock
Key Terms
Restricted Stock Units, derivative exercise/conversion, nonqualified deferred compensation plan, indirect ownership, +1 more
5 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.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion with transaction code "M" for the RSUs."
nonqualified deferred compensation plan financial
"settlement has been 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.
indirect ownership financial
"total_shares_following_transaction 12355.0000 marked as I with nature_of_ownership "By Fried Family Revocable Trust"."
Form 4 regulatory
"INSIDER FILING DATA (Form 4) summarizes Bernard Fried’s transactions and holdings."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bernard Fried report at Quanta Services (PWR)?
Bernard Fried reported the vesting and settlement of 559 restricted stock units into Quanta Services common stock. This was a compensation-related derivative exercise at a stated price of $0.00 per share, not an open-market purchase or sale.
What are the terms of Bernard Fried’s restricted stock units at Quanta Services (PWR)?
The restricted stock units are settled in Quanta Services common stock on a one-for-one basis. They were granted on May 22, 2025 and vested and settled on June 1, 2026, as disclosed in the Form 4 footnotes.
Were Bernard Fried’s Quanta Services restricted stock units part of a deferred compensation plan?
Yes. The Form 4 states that the reported restricted stock units include unvested units and vested units whose settlement has been deferred under a nonqualified deferred compensation plan maintained by Quanta Services.