Ducey Gerald A JR 4
Research Summary
AI-generated summary
Quanta Services (PWR) Pres. Gerald Ducey Receives Stock Award (Vesting)
What Happened
Gerald A. Ducey Jr., President — Strategic Operations at Quanta Services (PWR), received 10,496 shares through the vesting/settlement of equity awards on 2026-02-26 (two awards: 8,812 and 1,684 shares, $0.00 acquisition price). To cover tax withholding on the vesting event, 3,473 of those shares were withheld (disposed) at an indicated price of $562.77 per share, equal to $1,954,500. Net new shares from the vesting = 7,023 shares.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (timely).
- Awards/acquisitions: 8,812 shares and 1,684 shares (code A, $0.00 per share).
- Tax withholding: 3,473 shares withheld (code F) at $562.77/share for ~$1,954,500.
- Shares owned after transaction: not specified in this filing.
- Footnotes: F1 = shares from vesting of earned performance stock units; F2 = shares withheld to cover taxes on the vest; F3 = restricted stock units that vest over time.
- Transaction types: A = award/grant/vesting; F = shares withheld for taxes (not an open-market sale).
Context
This was a compensation-related vesting and routine tax withholding — not an open-market sale or purchase. Vesting of performance stock units (PSUs) and restricted stock units (RSUs) is a common way executives receive equity; withheld shares to cover taxes are standard and do not necessarily indicate a view on the stock.