BAXTER WARNER L 4

What Happened
Baxter Warner, a director of Quanta Services (PWR), had 559 restricted stock units (RSUs) convert into 559 shares of common stock on June 1, 2026. The Form 4 reports an acquisition of 559 shares at $0.00 (RSU settlement) and a related derivative conversion line for the same 559 units — this reflects the RSUs being settled into shares rather than a cash purchase or open-market trade.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (appears timely).
• Shares acquired: 559 shares; reported value: $0.00 per share (RSU settlement).
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Footnotes: F1 — RSUs settle one-for-one into common shares. F2 — RSUs were granted May 22, 2025 and vested/settled June 1, 2026.
• Transaction code: M (exercise/conversion of derivative) — here used to report conversion/settlement of RSUs.

Context
This was a vesting/settlement of previously granted RSUs, not an open-market purchase or sale. Receiving vested RSUs is a routine form of equity compensation and does not by itself indicate a buy/sell trading decision.