Quanta Services (PWR) CAO logs stock awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanta Services, Inc. Chief Accounting Officer & SVP Paul Nobel reported equity compensation activity in company common stock. He acquired 3,172 shares through the vesting of earned performance stock units granted under the company’s equity incentive plan, with no cash paid per share.
On the same date, 1,258 shares were disposed of to cover taxes associated with that vesting at a price of $562.77 per share, a tax-withholding disposition rather than an open-market sale. He also received 614 restricted stock units that may settle in an equal number of common shares, which remain subject to time-based vesting and continued employment. Following these transactions, his directly held common stock position was 12,469 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
NOBEL PAUL
Role
Chief Accounting Officer & SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,172 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,258 | $562.77 | $708K |
| Grant/Award | Common Stock | 614 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,113 shares (Direct)
Footnotes (1)
- These shares represent the acquisition of common stock resulting from the vesting of earned performance stock units issued under an equity incentive plan of the Company. These shares were withheld to cover taxes associated with the vest of performance stock units issued under an equity incentive plan of the Company. These shares represent restricted stock units that may be settled solely by the issuance of an equal number of shares of common stock of the Company and remain subject to vesting based on the passage of time and continued employment.
FAQ
What insider transactions did PWR executive Paul Nobel report?
Paul Nobel, Chief Accounting Officer & SVP of Quanta Services, reported equity compensation activity. He acquired 3,172 shares from vested performance stock units, disposed of 1,258 shares for tax withholding, and received 614 restricted stock units that may settle in common shares, all on the same date.
Were Paul Nobel’s PWR transactions open-market buys or sells?
The transactions were not open-market trades. Shares were acquired through vesting of performance stock units and restricted stock units, while 1,258 shares were disposed of solely to cover taxes related to the vesting, as described in the company’s equity incentive plan documentation.
What do Paul Nobel’s new restricted stock units at PWR represent?
The 614 restricted stock units represent a right to receive an equal number of Quanta Services common shares. They may be settled solely in stock and remain subject to vesting based on the passage of time and Mr. Nobel’s continued employment with the company.