secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001193125-22-069303
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanta Services adopts 2022 incentive plans with EBITDA, ROIC, safety metrics
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- Annual plan: 60% EBITDA, 20% EBITDA margin, 20% safety; performance period Jan-Dec 2022.
- Long-term plan (2022-2024): 65% ROIC with TSR modifier, 15% capital efficiency, 10% safety, 10% sustainability.
- Awards can be cash, RSUs, or PSUs; vesting subject to employment and Compensation Committee certification.
- All incentive awards subject to clawback if recipient violates restrictive covenants.
- Target incentives set as % of base salary; executive officer participation approved by Compensation Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312522069303/0001193125-22-069303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312522069303/d314907d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-069303

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