Beneby Doyle N 4

What Happened

• Beneby Doyle N, a director of Quanta Services, had 870 restricted stock units (RSUs) vest and convert into 870 shares of common stock on June 1, 2026. The Form 4 shows an acquisition of 870 shares at $0.00 (total value $0) and a corresponding derivative conversion entry (transaction code M).
• This was not a market purchase or sale — it was the settlement of previously granted RSUs into shares. No cash was paid for the shares on conversion.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (appears timely).
• Transaction code: M (exercise or conversion of derivative); 870 shares acquired at $0.00 and a matching derivative disposition of 870 shares at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — RSUs settle one-for-one into common shares. F2 — RSUs were granted May 22, 2025 and vested/settled June 1, 2026.
• No sale reported; this was a vest/settlement event (not a cashless exercise or open-market trade).

Context

• RSU vesting and settlement is a routine form of compensation for executives and directors and does not, by itself, indicate a buy or sell signal. The filing shows conversion of derivative awards into stock rather than any disposition for cash.