Austin Earl C. Jr. 4

What Happened

• Austin Earl C. Jr., President & CEO and Director of Quanta Services (PWR), had 2,441 shares withheld on March 9, 2026 to cover tax obligations related to the vesting of restricted stock units (RSUs). The withholding was recorded at $540.19 per share, totaling about $1,318,604.
• This was a routine tax-withholding disposition (not an open-market sale or purchase) tied to an equity award vest, not a signal of a market trade.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (appears timely).
• Withheld shares: 2,441 at $540.19/share; total value ≈ $1,318,604.
• Reason: Shares were withheld to cover taxes on vested RSUs granted under the company’s equity incentive plan (footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: F (tax withholding/covering tax liability).

Context

• Tax withholding on RSU vesting is common: the company retains (or withholds) a portion of vested shares to satisfy tax withholding obligations, reducing the number of shares delivered to the insider. It is a routine administrative action and not the same as an open-market sale that might reflect a CEO’s view of the stock.
• No indication of a 10b5-1 plan, open-market sale, gift, or option exercise in this transaction.