Quanta director awarded 249 restricted stock units

BAXTER WARNER L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

BAXTER WARNER L reported acquisition or exercise transactions in this Form 4 filing.

QUANTA SERVICES, INC. director Warner L. Baxter reported a compensation grant of 249 restricted stock units on common stock. Each unit is settled one-for-one in shares, although he may elect to settle up to 50% of the units in cash. Unless otherwise provided in the award agreement, the units vest and settle on June 1, 2027, with an option to defer settlement under a nonqualified deferred compensation plan. Following this grant, Baxter holds 808 restricted stock units directly.

Insider Trade Summary

Grant/Award: 249 shares

Grant/Award 1 txn

Insider BAXTER WARNER L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	249	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 808 contracts (Direct)

Footnotes (2)

1. 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.
2. 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 restricted stock units RSUs after transaction: 808 restricted stock units Vesting and settlement date: June 1, 2027 +1 more

4 metrics

RSUs granted 249 restricted stock units Grant/award on May 21, 2026

RSUs after transaction 808 restricted stock units Total restricted stock units held following grant

Vesting and settlement date June 1, 2027 Scheduled vesting and settlement of restricted stock units

Optional cash settlement portion <percent>50%</percent> of restricted stock units Portion of units that may be settled in cash at Baxter’s election in certain circumstances

Key Terms

Restricted Stock Units, nonqualified deferred compensation plan, vest and settle

3 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"

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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PWR director Warner L. Baxter report?

Warner L. Baxter reported receiving 249 restricted stock units as a compensation grant. These units convert into common stock on a one-for-one basis and increase his total restricted stock unit holdings to 808 after the transaction.

How are Warner L. Baxter’s new Quanta Services (PWR) restricted stock units settled?

The 249 restricted stock units are generally settled in shares of Quanta common stock on a one-for-one basis. In certain circumstances, Baxter may elect to settle up to 50% of the units in cash instead of stock.

When do Warner L. Baxter’s newly granted PWR restricted stock units vest?

The restricted stock units vest and settle on June 1, 2027, unless the award agreement provides otherwise. Settlement of all or part of the award can also be deferred under a nonqualified deferred compensation plan maintained by Quanta Services.

Can Warner L. Baxter defer settlement of his Quanta Services restricted stock units?

Yes. Settlement of all or a portion of the restricted stock units may be deferred. This can occur under the terms of a nonqualified deferred compensation plan maintained by Quanta Services, allowing Baxter to delay when he receives shares or cash.

How many restricted stock units does Warner L. Baxter hold after this Form 4 transaction in PWR?

After receiving the 249 restricted stock units reported in this filing, Warner L. Baxter holds a total of 808 restricted stock units. All are reported as directly owned and relate to Quanta Services common stock on a one-for-one basis.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 06:07 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BAXTER WARNER L

(Last) (First) (Middle)

2727 NORTH LOOP WEST

(Street)

HOUSTON TEXAS 77008-1044

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
QUANTA SERVICES, INC. [ PWR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	05/21/2026		A		249		(2)	(2)	Common Stock	249	$0	808	D

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Matthew D. McCoy, Attorney-in-Fact	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)