---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-072062"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:31:14.948489+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Parsons CEO Carey Smith receives one-time $13M equity award; PSUs tied to TSR

## Summary
- RSUs of $4M vest ratably over four years; PSUs with target $6M, max $9M based on relative TSR.
- PSU payout zero at/below 35th percentile; full payout at 65th percentile; 150% at 75th percentile.
- Annualized target value $2.5M; only $1M vests annually in first three years.
- Award approved Dec 18, 2023, in recognition of Smith's performance and retention.

## SEC filing metadata
- accession: 0000950170-23-072062
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000095017023072062/0000950170-23-072062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000095017023072062/psn-20231218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-072062
- JSON: https://secwatch.observer/filing/0000950170-23-072062.json
- Plain text: https://secwatch.observer/filing/0000950170-23-072062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.