Quanta Services (PWR) director awarded 249 restricted stock units vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rowe Robert Scott reported acquisition or exercise transactions in this Form 4 filing.
Quanta Services director Robert Scott Rowe received an equity award of 249 restricted stock units that will settle into common shares. These units generally vest and settle on June 1, 2027, and Rowe’s deferred and unvested restricted stock unit balance will total 1,779 units after this grant. Up to 50% of the units may be settled in cash at his election, and settlement of some or all units 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
Rowe Robert Scott
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 249 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,779 shares (Direct, null)
Footnotes (1)
- 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. 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. 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 granted: 249 restricted stock units
Total RSUs after grant: 1,779 restricted stock units
Share settlement ratio: 1:1 share per RSU
+2 more
5 metrics
RSUs granted
249 restricted stock units
Equity award on May 21, 2026
Total RSUs after grant
1,779 restricted stock units
Includes unvested and deferred units following this transaction
Share settlement ratio
1:1 share per RSU
Each restricted stock unit settles into one share of common stock
Cash settlement option
Up to 50% in cash
Portion of RSUs may be settled in cash at reporting person’s election
Vesting and settlement date
June 1, 2027
Standard vesting and settlement date for this RSU award
Key Terms
Restricted Stock Units, nonqualified deferred compensation plan, vest, 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
"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"
vest financial
"the restricted stock units vest and settle on June 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled in cash financial
"the reporting person may elect to settle up to 50% of the restricted stock units in cash"
FAQ
What insider transaction did Quanta Services (PWR) report for Robert Scott Rowe?
Quanta Services reported that director Robert Scott Rowe received a grant of 249 restricted stock units. These units represent future rights to common shares as part of his equity compensation, rather than an open-market stock purchase or sale.
When do Robert Scott Rowe’s new Quanta Services restricted stock units vest?
The restricted stock units generally vest and settle on June 1, 2027. This means Rowe typically receives the related common stock on that date, subject to any deferral elections made under Quanta Services’ nonqualified deferred compensation plan.
How many restricted stock units does Robert Scott Rowe hold after this Quanta Services Form 4?
After this award, Rowe holds a total of 1,779 restricted stock units. This figure includes both unvested units and vested units whose settlement he has deferred under Quanta Services’ nonqualified deferred compensation plan.
Can Robert Scott Rowe receive cash instead of Quanta Services stock for these restricted stock units?
Yes. The filing states the restricted stock units are settled one-for-one in common stock, but Rowe may elect to settle up to 50% of the units in cash under certain circumstances, giving him flexibility in how the award is delivered.
Are Robert Scott Rowe’s Quanta Services restricted stock units part of a deferred compensation program?
They can be. The company notes that settlement of all or a portion of the restricted stock units may be deferred by Rowe. This occurs under a nonqualified deferred compensation plan maintained by Quanta Services, allowing him to delay receipt of shares or cash.