CEO Sells Over $120 Million in Company Stock, Executing Prior Intent to Sell
PWR has more than doubled off its 52-week low of $315.45.
Summary
Quanta Services' CEO, Earl Austin Jr., sold $120.2 million in company stock, completing a transaction previously indicated by a Form 144 filing.
Key Events · Ownership and Investor Activity · PWR
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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.
Analysis · PWR · Real Estate & Construction
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.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
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.