Desai Jayshree S 4

What Happened

• Jayshree S. Desai, Chief Financial Officer of Quanta Services (PWR), had 781 shares withheld to cover tax withholding associated with the vesting of restricted stock units. The withholding was executed on 2026-03-09 at an implied per-share value of $540.19, totaling approximately $421,888.
• This was a tax-withholding disposition (code F), not an open-market sale or purchase, and reflects routine administrative handling of vested equity.

Key Details

• Transaction date: 2026-03-09; Form 4 filed 2026-03-11.
• Price used for withholding: $540.19 per share; total value ≈ $421,888.
• Shares involved: 781 shares withheld to cover taxes on RSU vesting (Footnote F1).
• Footnote: F1 — shares were withheld to cover taxes associated with the vest of restricted stock units issued under the company’s equity incentive plan.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Timeliness: Filing was submitted two days after the transaction date (appears within usual two-business-day Form 4 window).

Context

• Tax-withholding via share retention is a common administrative action when RSUs vest and does not necessarily indicate buying or selling intent by the insider.
• This is not a 10% owner transaction or a purchase; it should be viewed as routine compensation-related processing rather than a directional signal about the insider’s view of the stock.