Michael R. Kolloway - 02 Mar 2022 Form 4 Insider Report for PARSONS CORP (PSN)

Role
Chief Legal Officer and Secretary
Signature
/s/ Michael R. Kolloway
Issuer symbol
PSN
Transactions as of
02 Mar 2022
Net transactions value
-$79,912
Form type
4
Filing time
04 Mar 2022, 16:19:55 UTC
Previous filing
02 Mar 2022
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSN Common Stock Award $0 +9,900 +32% $0.000000 40,725 02 Mar 2022 Direct F1
transaction PSN Common Stock Award $0 +7,734 +19% $0.000000 48,459 02 Mar 2022 Direct F2
transaction PSN Common Stock Tax liability $79,912 -2,295 -4.7% $34.82 46,164 02 Mar 2022 Direct
holding PSN Common Stock 4,845 02 Mar 2022 By ESOP
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest in three equal annual installments beginning on March 2, 2023 and have no expiration date.
F2 On January 1, 2019, the reporting person was granted an award of restricted stock units, which vest in the form of common stock based upon the Issuer's performance against certain strategic objective goals. On March 2, 2022, the Compensation Committee of the Issuer's Board of Directors determined that the strategic objective goals had been met, resulting in the vesting of these shares.

Remarks:

Chief Legal Officer and Secretary