NOBEL PAUL 4

What Happened

• Paul Nobel, Chief Accounting Officer and Senior Vice President of Quanta Services (PWR), received equity from company awards on 2026-02-26. According to the Form 4, 3,172 shares were acquired upon vesting of performance stock units, 1,258 of those shares were withheld to cover taxes (disposed) at $562.77/share (≈ $707,965), and an additional 614 restricted stock units were granted that remain subject to future vesting.

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-03-02 (filed within typical Section 16 reporting window).
• Awards/vesting: 3,172 shares acquired as vested PSUs (code A; footnote F1).
• Tax withholding: 1,258 shares withheld to cover taxes at $562.77/share for a withholding value of ≈ $707,965 (code F; footnote F2).
• Additional grant: 614 RSUs were awarded; these are settlement-only units that remain subject to time-based vesting (footnote F3).
• Shares owned after transaction: not specified in the Form 4 filing.

Context

• This was an equity compensation event (award/vesting) rather than an open-market purchase or voluntary sale. The withholding of shares to cover taxes is a routine administrative action (cashless withholding) and does not by itself indicate a change in insider sentiment.
• Immediate net newly acquired vested shares = 3,172 vested − 1,258 withheld = 1,914 shares added to Nobel’s holdings now; the 614 RSUs may increase future holdings if they vest.