Quanta Services (NYSE: PWR) director settles 870 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanta Services director Doyle N. Beneby exercised and settled 870 restricted stock units (RSUs) into an equal number of common shares on June 1, 2026. These RSUs were granted on May 22, 2025 and vested on the same June 2026 date. After the transaction, Beneby directly holds 29,657 common shares and 387 RSUs, reflecting routine equity-based compensation activity with no open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
870 shares exercised/converted
Mixed
2 txns
Insider
Beneby Doyle N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 870 | $0.00 | -- |
| Exercise | Common Stock | 870 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 387 shares (Direct, null);
Common Stock — 29,657 shares (Direct, null)
Footnotes (1)
- The restricted stock units are settled in shares of common stock on a one-for-one basis. The restricted stock units were granted on May 22, 2025 and vested and settled on June 1, 2026.
Key Figures
RSUs settled: 870 units
Common shares after transaction: 29,657 shares
Remaining RSUs: 387 units
+3 more
6 metrics
RSUs settled
870 units
Restricted stock units converted to common shares on June 1, 2026
Common shares after transaction
29,657 shares
Direct common stock holdings following RSU settlement
Remaining RSUs
387 units
Restricted stock units held after June 1, 2026 transaction
Grant date
May 22, 2025
Date RSUs were originally granted to director
Vesting and settlement date
June 1, 2026
Date RSUs vested and converted into common shares
Exercise price
$0.0000 per unit
RSUs settled at no cash exercise price
Key Terms
Restricted Stock Units, derivative security, one-for-one basis, vested and settled
4 terms
Restricted Stock Units financial
"The restricted stock units are settled in shares of common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
one-for-one basis financial
"The restricted stock units are settled in shares of common stock on a one-for-one basis."
vested and settled financial
"The restricted stock units were granted on May 22, 2025 and vested and settled on June 1, 2026."
FAQ
What did Quanta Services (PWR) director Doyle N. Beneby report in this Form 4?
Doyle N. Beneby reported exercising and settling 870 restricted stock units into an equal number of Quanta Services common shares. The transaction reflects routine equity compensation vesting rather than an open-market stock purchase or sale.
When were Doyle N. Beneby’s Quanta Services (PWR) restricted stock units granted and vested?
The restricted stock units were granted on May 22, 2025 and vested and settled on June 1, 2026. This timing shows a standard one-year-plus vesting schedule for director equity compensation at Quanta Services.
Does this Quanta Services (PWR) Form 4 show any open-market stock sales or purchases?
No, the Form 4 shows only the exercise and settlement of 870 restricted stock units into common shares. There are no reported open-market purchases or sales, making this a compensation-related, non-market transaction.