Quanta Services Approves Incentive Compensation Awards for Senior Leadership

Details

Austin, Jr., Jayshree S. Desai, Karl W. Studer, and Gerald A. Ducey, Jr. The PSUs, which are part of the Quanta Services, Inc. 2019 Omnibus Equity Incentive Plan, are intended to incentivize and support the retention of these individuals during a five-year performance period ending on December 31, 2030. The number of PSUs that may be earned is based on the achievement of a specified compound annual growth rate for adjusted earnings per share and total shareholder return. The target number of PSUs granted to each executive is specified in the filing, and the actual number that can become earned and vested will range from 0% to 600% of the target number.

Items reported

About Quanta Services Inc.

Quanta Services Inc. is a leading provider of specialized contracting services, delivering comprehensive infrastructure solutions for the electric power, oil and gas industries. With a focus on the design, installation, and maintenance of critical utility networks, Quanta Services plays a vital role in ensuring the reliability and efficiency of energy systems across North America and other international markets. Its operations are particularly crucial to the modernization of the aging power grid and the expansion of renewable energy sources, making it integral to the energy transition. The company's services span electric power transmission and distribution, natural gas pipeline construction, and telecommunications infrastructure, catering to a range of clients, including utility companies, pipeline operators, and industrial companies. Quanta Services' ability to adapt to emerging technologies and regulatory changes makes it a significant player in the infrastructure sector, providing innovative and sustainable solutions that support economic development and energy security. Its diversified service offerings and experienced workforce position Quanta Services as a key facilitator in the development of resilient, future-ready energy networks.