secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001193125-24-063768
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanta Services adopts 2024 incentive plans with EBITDA and ROIC performance metrics
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- 2024 annual plan targets executives; metrics: EBITDA (60%), EBITDA margin (20%), safety (20%).
- 2024-2026 long-term plan: ROIC with TSR modifier (65%), capital efficiency (15%), safety (10% each).
- Equity awards under 2019 Omnibus Plan; annual paid in cash, LTIP settled in stock.
- Forfeiture if not employed on payment date; clawback for restrictive covenant violations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312524063768/0001193125-24-063768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312524063768/d808539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-063768

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer