AI English summary of an SEC filing — figures as filed
Quanta Services PWRQuanta Services said the Compensation Committee of the Board of Directors approved incentive compensation awards to certain senior leadership employees, including named executive officers Earl C. Austin, Jr., Jayshree S. Desai, Karl W. Studer and Gerald A. Ducey, Jr., in the form of performance stock units (PSUs) on April 10, 2026.
Key points
AI summaryQuanta Services said the Compensation Committee of the Board of Directors approved incentive compensation awards to certain senior leadership employees, including named executive officers Earl C. Austin, Jr., Jayshree S. Desai, Karl W. Studer and Gerald A. Ducey, Jr., in the form of performance stock units (PSUs) on April 10, 2026.
The company said the number of PSUs that may be earned will be determined at the conclusion of a 5-year performance period ending December 31, 2030 based on achievement of a specified compound annual growth rate for adjusted earnings per share, with a potential maximum of 300% of the target amount. A specified compound annual growth rate for total shareholder return provides a potential multiplier of up to 200% of such amount, for maximum earned PSUs of up to 600% of target.
Quanta said the target number of PSUs granted to the named executive officers is as follows: Mr. Austin 17,759; Ms. Desai 8,879; Mr. Studer 12,431; and Mr. Ducey 7,103. The actual number of such PSUs that can become earned and vested will range from 0% to 600% of the target number of PSUs granted.
The company said the PSUs will vest after the conclusion of the performance period, subject to the holder's continued service through such date, and any earned PSUs that vest will be settled in shares of common stock. It added the incentive compensation awards were made pursuant to the Quanta Services, Inc. 2019 Omnibus Equity Incentive Plan, as amended.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
PSU Compensation Approved on April 10, 2026
Quanta Services said the Compensation Committee of the Board of Directors approved incentive compensation awards to certain senior leadership employees, including named executive officers Earl C. Austin, Jr., Jayshree S. Desai, Karl W. Studer and Gerald A. Ducey, Jr., in the form of performance stock units (PSUs) on April 10, 2026.
Source · Based on the filing body and exhibits
PSU Earning Structure Based on Adjusted EPS Compound Annual Growth Rate
The company said the number of PSUs that may be earned will be determined at the conclusion of a 5-year performance period ending December 31, 2030 based on achievement of a specified compound annual growth rate for adjusted earnings per share, with a potential maximum of 300% of the target amount. A specified compound annual growth rate for total shareholder return provides a potential multiplier of up to 200% of such amount, for maximum earned PSUs of up to 600% of target.
Source · Based on the filing body and exhibits
Target PSU Quantities by Executive Officer
Quanta said the target number of PSUs granted to the named executive officers is as follows: Mr. Austin 17,759; Ms. Desai 8,879; Mr. Studer 12,431; and Mr. Ducey 7,103. The actual number of such PSUs that can become earned and vested will range from 0% to 600% of the target number of PSUs granted.
Source · Based on the filing body and exhibits
Vesting Conditions and Plan Basis
The company said the PSUs will vest after the conclusion of the performance period, subject to the holder's continued service through such date, and any earned PSUs that vest will be settled in shares of common stock. It added the incentive compensation awards were made pursuant to the Quanta Services, Inc. 2019 Omnibus Equity Incentive Plan, as amended.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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