JACKMAN WORTHING 4
Research Summary
AI-generated summary
Quanta Services (PWR) Director Jackman Worthing Receives RSU Award
What Happened
- Jackman Worthing, a director of Quanta Services, was granted 249 restricted stock units (RSUs) on 2026-05-21. The RSUs are reported as a derivative award (code A) with an acquisition price of $0.00; settlement will convert RSUs into common shares on a one-for-one basis (or, in certain circumstances, up to 50% may be settled in cash).
Key Details
- Transaction date: 2026-05-21. Form 4 filed: 2026-05-26.
- Award: 249 RSUs, $0.00 reported price (derivative award).
- Vesting/settlement: Unless otherwise provided, the RSUs vest and settle on June 1, 2027; the reporting person may defer settlement under the company’s nonqualified deferred compensation plan.
- Shares owned after the transaction: Not specified in this filing.
- Footnotes: F1 — RSUs settle 1-for-1 or up to 50% cash election; F2 — vest/settle date June 1, 2027, with possible deferral; F3 — totals include unvested RSUs and RSUs for which settlement has been deferred.
- Administrative note: Reporting person will use CIK 0001229832 going forward after previously having duplicate EDGAR access codes.
Context
- This is a compensation award (RSUs), not an open-market purchase or sale. RSU grants are common for directors and executives and represent a future right to shares contingent on vesting; they do not necessarily indicate immediate buying or selling intent.