Quanta Services (NYSE: PWR) director settles 559 RSUs into stock
Rhea-AI Filing Summary
JACKMAN WORTHING reported acquisition or exercise transactions in this Form 4 filing.
Quanta Services director Worthing Jackman received 559 shares of common stock through the vesting and settlement of restricted stock units. These units were granted on May 22, 2025 and vested and settled on June 1, 2026 on a one-for-one basis in common stock.
Following these transactions, Jackman holds 2,489 shares of Quanta Services common stock directly and 10,738 restricted stock units. The restricted stock unit balance includes both unvested awards and vested units for which settlement has been deferred under the company’s nonqualified deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 559 shares
Net Buy
2 txns
Insider
JACKMAN WORTHING
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 559 | $0.00 | $0.00 |
| Exercise | Common Stock | 559 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 10,738 shares (Direct);
Common Stock — 2,489 shares (Direct)
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 settled into shares: 559 shares
Common stock holdings after transaction: 2,489 shares
Restricted stock units after transaction: 10,738 units
+2 more
5 metrics
RSUs settled into shares
559 shares
Restricted stock units settled into common stock on June 1, 2026
Common stock holdings after transaction
2,489 shares
Direct Quanta Services common stock held by Worthing Jackman post-transaction
Restricted stock units after transaction
10,738 units
Includes unvested and vested but deferred restricted stock units
Grant date of RSUs
May 22, 2025
Grant date of restricted stock units that vested June 1, 2026
Settlement price per unit
$0.00 per unit
Stated conversion or exercise price for restricted stock units
Key Terms
Restricted Stock Units, nonqualified deferred compensation plan, derivative security, exercise or conversion of derivative security
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
"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.
derivative security financial
"transaction code M is described as 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 indicates Exercise or conversion of derivative security for the RSU transaction."
AI-generated analysis. How Rhea-AI works. Not financial advice.
