Desai Jayshree S 4

What Happened

• Jayshree S. Desai, Chief Financial Officer of Quanta Services (PWR), received equity awards on 2026-02-26. 16,833 shares were issued upon vesting of performance stock units and 3,372 restricted stock units were awarded (subject to future vesting). To cover tax withholding on the vested PSUs, 6,626 shares were withheld (disposed) at $562.77 per share, resulting in approximately $3,728,914 in consideration. Net shares delivered from the PSU vesting after withholding: 10,207 shares.

Key Details

• Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely).
• Awards/acquisitions: 16,833 shares (vested PSUs) and 3,372 RSUs (awarded, remain subject to vesting) recorded at $0.00.
• Withholding/disposition: 6,626 shares withheld at $562.77 to cover taxes; proceeds ≈ $3,728,914. (Transaction code F = tax withholding.)
• Net shares delivered from the vesting event: 16,833 − 6,626 = 10,207 shares.
• Shares owned after the transaction: not stated in the provided excerpt.
• Relevant footnotes: F1 = vesting of earned PSUs; F2 = shares withheld for taxes; F3 = RSUs may be settled in shares and remain subject to vesting.

Context

• This was not an open-market sale or purchase signaling a directional trade; the disposal was a routine tax-withholding event associated with equity vesting (a common practice where shares are held back to satisfy tax obligations). The RSUs awarded remain subject to future vesting conditions and are not currently freely tradable.