Kim Joseph 4

What Happened

• Kim Joseph, a director of Quanta Services, was granted 249 restricted stock units (RSUs) on May 21, 2026. The award is reported as a derivative award (code A) with a $0 acquisition price (typical for RSU grants — no cash paid).
• This was an equity award, not an open-market buy or sale. The RSUs represent a right to receive common shares in the future rather than an immediate purchase of shares.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-26 (filed 5 days after the transaction; past the usual 2-business-day Form 4 deadline).
• Award: 249 RSUs; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes:
  • F1: RSUs settle 1-for-1 into common shares, though in some cases the reporting person may elect to settle up to 50% of the RSUs in cash.
  • F2: Unless otherwise provided, RSUs vest and settle on June 1, 2027. Settlement may be deferred under the company’s nonqualified deferred compensation plan.
• Filing timeliness: The filing date suggests the Form 4 was submitted later than the standard 2-business-day deadline.

Context

• Restricted stock units are common compensation for directors and typically vest over time; they are not an immediate cash event. Upon vesting (here, generally June 1, 2027), each RSU converts to one share (or, in some circumstances, cash for up to 50%).
• This grant does not by itself signal a buy or sell decision by the insider; it’s routine equity compensation.