Austin Earl C. Jr. 4
4 · QUANTA SERVICES, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Quanta Services (PWR) CEO Austin Earl Receives Stock Award; Shares Withheld
What Happened Austin Earl C. Jr., President, CEO and a director of Quanta Services (PWR), received stock awards on 2026-02-26. The Form 4 shows: 81,834 shares issued resulting from the vesting of earned performance stock units (acquired at $0), and 8,320 restricted stock units issued (acquired at $0) that remain subject to time-based vesting. To cover tax liabilities related to the vesting, 32,202 shares were withheld/disposed at $562.77 per share, totaling about $18,122,320. Net of the withholding, the grant equates to roughly 57,952 additional shares credited (90,154 gross awards minus 32,202 withheld).
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely).
- Awards: 81,834 shares from vested performance stock units (F1); 8,320 restricted stock units subject to time-based vesting (F3); both reported at $0 per share (award).
- Tax withholding: 32,202 shares withheld/disposed to cover taxes at $562.77/share, value ≈ $18,122,320 (F2).
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: filed March 2, 2026 — appears to be within the required reporting window.
Context This was primarily a vesting/award event, not an open-market purchase or a discretionary sale. The withheld shares to satisfy tax obligations are a routine administrative action (code F) and do not necessarily indicate a change in the insider’s market view. The 8,320 RSUs remain subject to future vesting conditions and may not be immediately transferable.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26+81,834→ 739,304 total - Tax Payment
Common Stock
[F2]2026-02-26$562.77/sh−32,202$18,122,320→ 707,102 total - Award
Common Stock
[F3]2026-02-26+8,320→ 715,422 total
- 20,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]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.
- [F2]These shares were withheld to cover taxes associated with the vest of performance stock units issued under an equity incentive plan of the Company.
- [F3]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.