Austin Earl C. Jr. 4

What Happened Austin Earl C. Jr., President, CEO and a director of Quanta Services (PWR), received stock awards on 2026-02-26. The Form 4 shows: 81,834 shares issued resulting from the vesting of earned performance stock units (acquired at $0), and 8,320 restricted stock units issued (acquired at $0) that remain subject to time-based vesting. To cover tax liabilities related to the vesting, 32,202 shares were withheld/disposed at $562.77 per share, totaling about $18,122,320. Net of the withholding, the grant equates to roughly 57,952 additional shares credited (90,154 gross awards minus 32,202 withheld).

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely).
• Awards: 81,834 shares from vested performance stock units (F1); 8,320 restricted stock units subject to time-based vesting (F3); both reported at $0 per share (award).
• Tax withholding: 32,202 shares withheld/disposed to cover taxes at $562.77/share, value ≈ $18,122,320 (F2).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: filed March 2, 2026 — appears to be within the required reporting window.

Context This was primarily a vesting/award event, not an open-market purchase or a discretionary sale. The withheld shares to satisfy tax obligations are a routine administrative action (code F) and do not necessarily indicate a change in the insider’s market view. The 8,320 RSUs remain subject to future vesting conditions and may not be immediately transferable.