Donald Wayne - Mar 1, 2024 Form 4 Insider Report for QUANTA SERVICES, INC. (PWR)

Signature
/s/ Matthew D. McCoy, Attorney-in-Fact
Stock symbol
PWR
Transactions as of
Mar 1, 2024
Transactions value $
-$4,048,018
Form type
4
Date filed
3/5/2024, 08:30 PM
Previous filing
Sep 6, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PWR Common Stock Award $0 +16.1K +38.9% $0.00 57.4K Mar 1, 2024 Direct F1
transaction PWR Common Stock Tax liability -$1.53M -6.34K -11.05% $241.51 51.1K Mar 1, 2024 Direct F2
transaction PWR Common Stock Tax liability -$156K -647 -1.27% $240.89 50.4K Mar 4, 2024 Direct F3
transaction PWR Common Stock Award $0 +2.56K +5.08% $0.00 53K Mar 4, 2024 Direct F4
transaction PWR Common Stock Sale -$2.14M -8.84K -16.69% $242.27 44.1K Mar 4, 2024 Direct F5
transaction PWR Common Stock Sale -$219K -904 -2.05% $241.81 43.2K Mar 5, 2024 Direct F5
transaction PWR Common Stock Gift $0 -250 -0.58% $0.00 43K Mar 5, 2024 Direct F5
holding PWR Common Stock 375 Mar 1, 2024 By younger daughter
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
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 were withheld to cover taxes associated with the vest of restricted stock units issued under an equity incentive plan of the Company.
F4 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.
F5 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 15, 2023.