Quanta Services (PWR) director granted 249 RSUs vesting in 2027
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
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 shares (Direct)
Footnotes (2)
- 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.
- 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.