Beneby Doyle N 4

What Happened
Beneby Doyle, a director of Quanta Services, received a grant of 387 restricted stock units (RSUs) on May 21, 2026. The award is listed at $0.00 (typical for RSU grants) and is a derivative award that will convert into common shares on settlement rather than an open-market purchase or sale.

Key Details

• Transaction type: Award/Grant (A) — 387 RSUs granted on 2026-05-21 at $0.00.
• Filing date: Form 4 filed 2026-05-26 (five days after the transaction). Standard SEC Form 4 timing is within two business days of the transaction, so this filing is later than typical.
• Vesting/settlement: RSUs vest and settle on June 1, 2027 unless the award agreement says otherwise. The reporting person may elect to settle up to 50% in cash in certain circumstances. Settlement may also be deferred under the company’s nonqualified deferred compensation plan. (See footnotes F1 and F2.)
• Shares owned after transaction: Not specified in this filing.
• Nature of transaction: Derivative grant (RSUs), not a purchase or sale.

Context
RSU grants to directors are common as part of compensation and do not represent an open-market purchase (which some investors view as a more direct bullish signal). These awards convert into one share per RSU (or up to 50% cash in certain cases) at settlement/vesting; they may be deferred per plan terms. The late filing means the market and investors learned of the grant several days after it occurred.