CEO Sells Over $120 Million in Company Stock, Executing Prior Intent to Sell
summarizeSummary
Quanta Services' CEO, Earl Austin Jr., sold $120.2 million in company stock, completing a transaction previously indicated by a Form 144 filing.
check_boxKey Events
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CEO Sells Significant Stake
President and CEO, Earl Austin Jr., sold 155,992 shares of Quanta Services common stock in open market transactions on May 5, 2026, totaling $120,216,530.
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Follows Prior Intent to Sell
This Form 4 filing confirms the execution of the sale, which was previously signaled by a Form 144 filed on May 5, 2026, indicating an intent to sell approximately $120 million.
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Gift Transaction Included
In addition to the open market sale, Mr. Austin also disposed of 4,008 shares via gift on the same date.
auto_awesomeAnalysis
Quanta Services' President and CEO, Earl Austin Jr., executed a substantial open market sale of company stock, disposing of over $120 million worth of shares. This transaction follows a Form 144 filing on May 5, 2026, which indicated his intent to sell a similar amount. While the sale represents a relatively small percentage of the company's overall market capitalization, a disposition of this magnitude by a key executive like the CEO is a notable event for investors, often interpreted as a signal regarding personal liquidity needs or a change in conviction, despite the company's recent strong financial performance and raised guidance reported on April 30, 2026.
At the time of this filing, PWR was trading at $744.10 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $112.7B. The 52-week trading range was $315.45 to $788.75. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.