Austin Earl C. Jr. 4
Research Summary
AI-generated summary
Quanta CEO Austin Earl Jr. Withholds 3,570 Shares for Taxes
What Happened
Austin Earl C. Jr., President & CEO and a director of Quanta Services, had 3,570 shares disposed on March 4, 2026 as a tax-withholding event tied to the vesting of restricted stock units. The shares are reported at $566.00 each, totaling $2,020,620. This was a withholding to cover tax liability (not an open-market sale).
Key Details
- Transaction date: March 4, 2026; Form 4 filed March 6, 2026.
- Price reported: $566.00 per share; 3,570 shares; total value $2,020,620.
- Transaction type/code: F — shares withheld to cover taxes (reported as a disposition).
- Footnote: Shares were withheld to cover taxes associated with the vesting of RSUs under the company’s equity incentive plan.
- Shares owned after transaction: Not specified in the details provided in this summary/filing.
- Filing timeliness: Form filed two days after the transaction; not flagged here as late.
Context
Tax-withholding disposals are a common administrative step when restricted stock units vest and do not necessarily reflect the insider’s view of the company’s prospects. This was a routine withholding to satisfy tax obligations rather than an open-market sale or purchase.