Ofilos Matthew 4

What Happened

• Matthew Ofilos, Chief Financial Officer of Parsons (PSN), disposed of 2,135 shares on 2026-03-09 to satisfy a tax obligation. The shares were valued at $62.55 each, totaling approximately $133,544.
• This transaction is reported under code F (payment of exercise price or tax liability), meaning shares were withheld/surrendered to cover taxes — a routine administrative disposition rather than a market sale signaling sentiment.

Key Details

• Transaction date: 2026-03-09; Filing date: 2026-03-10 (appears timely).
• Price per share: $62.55; Shares disposed: 2,135; Total value: ~$133,544.
• Transaction code: F — payment of exercise price or tax withholding (shares surrendered to cover tax liability).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No indication in the excerpt of a 10b5-1 plan or open-market sale; this looks like tax withholding tied to equity vesting or option exercise.

Context

• Tax-withholding dispositions are common when restricted stock vests or when options are exercised; they are administrative and do not necessarily reflect the insider’s view of the company’s prospects.
• If tied to an option exercise, this is effectively a cashless method to cover taxes rather than an active sale on the open market.