secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-076537
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000119312526076537/0001193125-26-076537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000119312526076537/psn-20260220.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-076537

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