---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-076537"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:54:16.656186+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Parsons grants CEO Carey Smith $10M stock award with 60% performance-based PSUs

## Summary
- Target grant-date value $10M: $6M PSUs (60%) and $4M RSUs (40%), approved on February 20, 2026.
- RSUs vest ratably over four years beginning March 10, 2026, subject to continued employment.
- PSUs cliff vest after four-year performance period (Jan 2026 – Dec 2029) based on rTSR vs peer group.
- PSU payout: zero for ≤35th percentile; 100% target ($6M) at 65th percentile; 150% max ($9M) at ≥75th percentile.
- Annualized target value is $2.5M over four years ($1M RSUs per year).

## SEC filing metadata
- accession: 0001193125-26-076537
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000119312526076537/0001193125-26-076537-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000119312526076537/psn-20260220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-076537
- JSON: https://secwatch.observer/filing/0001193125-26-076537.json
- Plain text: https://secwatch.observer/filing/0001193125-26-076537.txt

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