Studer Karl W 4

What Happened

• Karl W. Studer, President — Electric Power at Quanta Services (PWR), received equity awards on Feb 26, 2026. He acquired 20,143 shares from vesting performance stock units and was also credited 2,448 restricted stock units (RSUs). To cover tax withholding on the PSU vest, 8,728 shares were withheld/disposed at an attributed value of $562.77 per share, equal to $4,911,857. The awards show $0 purchase price because they were compensation awards, not purchases.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (timely).
• Awarded/vested: 20,143 shares (performance stock units) and 2,448 RSUs.
• Shares withheld for taxes: 8,728 shares at $562.77 each = $4,911,857 (code F — tax withholding).
• Net shares retained from the PSU vest (20,143 − 8,728): 11,415 shares; the 2,448 RSUs remain subject to time-based vesting.
• Footnotes: F1 = PSU vesting; F2 = shares withheld to cover taxes; F3 = RSUs that vest over time and will be settled in shares.
• Shares owned after the reported transactions: not specified in the filing.

Context

• This is primarily an award/vesting event, not an open-market sale or purchase. The withholding of shares to cover taxes is routine and does not necessarily indicate an intent to sell holdings for investment reasons. The RSUs noted remain subject to future vesting and continued employment.