Quanta Services (PWR) CEO uses 2,441 shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanta Services President and CEO Earl C. Austin Jr. reported a routine tax-related share disposition. On March 9, 2026, 2,441 shares of common stock were withheld at $540.19 per share to cover taxes on vested restricted stock units under the company’s equity incentive plan.
After this withholding, he directly holds 709,411 common shares. In addition, 20,000 common shares are held indirectly through the Austin 1999 Family Trust. The filing reflects compensation-related tax withholding rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Austin Earl C. Jr.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,441 | $540.19 | $1.32M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 709,411 shares (Direct);
Common Stock — 20,000 shares (Indirect, By Austin 1999 Family Trust)
Footnotes (1)
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FAQ
What insider transaction did Quanta Services (PWR) report for its CEO?
Quanta Services reported that President and CEO Earl C. Austin Jr. had 2,441 common shares withheld on March 9, 2026. These shares were used to cover taxes on vested restricted stock units under the company’s equity incentive plan.
What does transaction code F mean in the Quanta Services (PWR) Form 4?
Transaction code F on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. In this case, 2,441 Quanta Services common shares were withheld to cover taxes from vested restricted stock units.
How significant is the Quanta Services (PWR) CEO’s tax-withholding transaction?
The transaction involves 2,441 shares withheld for taxes while the CEO continues to hold 709,411 shares directly, plus 20,000 indirectly in a family trust. This pattern is typical of equity compensation vesting and does not represent a discretionary share sale.