QUANTA SERVICES, INC. 8-K

What Happened Quanta Services, Inc. (PWR) announced that on April 10, 2026 its Compensation Committee approved performance stock unit (PSU) awards for several senior leaders — named executive officers Earl C. Austin, Jr., Jayshree S. Desai, Karl W. Studer and Gerald A. Ducey, Jr. The PSUs cover a five-year performance period ending December 31, 2030 and are intended to incent and retain leaders responsible for executing Quanta’s recently announced five‑year business strategy.

Key Details

• PSUs payout is performance‑based: up to 300% of target based on a specified compound annual growth rate (CAGR) for adjusted earnings per share through 12/31/2030.
• An additional TSR (total shareholder return) modifier can multiply payout up to 200% of that amount, for a maximum of 600% of target.
• Target PSU grants: Earl Austin — 17,759; Jayshree Desai — 8,879; Karl Studer — 12,431; Gerald Ducey — 7,103.
• Earned PSUs (0%–600% of target) vest after the performance period subject to continued service, with settlement in Quanta common stock and potential accelerated vesting in certain terminations or change in control. Awards made under the 2019 Omnibus Equity Incentive Plan.

Why It Matters These awards tie senior leadership compensation to multi‑year adjusted EPS growth and stock performance, aligning pay with the company’s five‑year strategic and financial targets. For investors, the grants signal management’s commitment to delivering sustained earnings growth and shareholder value; actual dilution and executive retention outcomes will depend on performance through 2030 and any accelerated vesting events.