PARSONS CORP·4

Mar 2, 4:30 PM ET

Smith Carey A. 4

Research Summary

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Parsons (PSN) CEO Carey A. Smith Withholds 7,132 Shares for Taxes

What Happened
Carey A. Smith, President & CEO (and Director) of Parsons Corporation, surrendered 7,132 shares on 2026-02-26 to satisfy tax withholding tied to equity compensation. The shares were valued at $66.31 each, for a total of approximately $472,923. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

  • Transaction date: 2026-02-26; SEC filing date: 2026-03-02 (timely filed within required business days).
  • Shares surrendered/disposed: 7,132 at $66.31 per share; total value ≈ $472,923.
  • Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
  • Shares owned after the transaction: not specified in the filing.

Context
Withholding shares to cover taxes on vested awards or exercised options is a routine, administrative action and does not necessarily signal a change in the insider’s view of the company. This is commonly done as a net-share settlement or sell-to-cover and differs from an open-market sale where the insider chooses to liquidate holdings.