Ofilos Matthew 4
4 · PARSONS CORP · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Parsons (PSN) CFO Matthew Ofilos Receives RSUs/PSUs and Sells 14,171 Shares
What Happened
Matthew Ofilos, Chief Financial Officer of Parsons Corporation (PSN), was granted awards and also had shares surrendered to satisfy a tax liability on Feb 20, 2026. The filing shows two award-related acquisitions: 10,472 shares (RSUs) and 31,309 shares (PSUs) reported as acquisitions at $0.00. Separately, 14,171 shares were disposed at $65.53 per share for a total of $928,626 to pay an exercise price or tax liability.
Key Details
- Transaction date(s): February 20, 2026; Form 4 filed February 24, 2026 (appears timely).
- Awarded/acquired: 10,472 shares (RSUs) and 31,309 shares (PSUs) at $0.00.
- Disposed: 14,171 shares at $65.53 each = $928,626 (code F: payment of exercise price or tax liability).
- Shares owned after the transactions: not specified in the filing.
- Notable footnotes:
- F1: The 10,472 RSUs represent contingent rights to one share each; they vest in three equal annual installments beginning March 10, 2027 and have no expiration.
- F2: Filing references 289 shares automatically purchased under the Parsons Employee Stock Purchase Plan (ESPP).
- F3: The 31,309 PSUs vested on Feb 20, 2026 after the Compensation Committee determined strategic goals were met.
- Transaction codes: A = award/grant (acquisition); F = share surrender to cover taxes/option exercise costs.
Context
The 31,309 PSUs appear to have vested based on performance, and the RSUs are unvested with a future vesting schedule. The 14,171-share disposition was used to satisfy tax or exercise obligations (common practice) rather than an open-market “sell” indicating a decision to monetize shares for investment reasons. Awards and tax-withholding-related dispositions are routine insider activity and do not, by themselves, indicate the insider’s view of the company’s prospects.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-20+10,472→ 62,063 total - Award
Common Stock
[F3]2026-02-20+31,309→ 93,372 total - Tax Payment
Common Stock
2026-02-20$65.53/sh−14,171$928,626→ 79,201 total
- 1,700.815(indirect: By ESOP)
Common Stock
Footnotes (3)
- [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 10, 2027 and have no expiration date.
- [F2]Includes 289 shares of common stock automatically purchased on behalf of the reporting person pursuant to the terms of the Parsons Employee Stock Purchase Plan.
- [F3]The reporting person was previously granted an award of performance stock units (PSUs), which vest in the form of common stock based upon the Issuer's performance against certain strategic objective goals. On February 20, 2026, 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.