PWRQuanta Services

Industrials · Electrical Contractors · NYSE

Employees: 69,500
Headquarters: Houston, TX
CEO: Earl C. Austin Jr.
Next results: around Feb 18, 2027

Deals between PWR and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-04-10 reports that the one filed 2025-04-11 did not, quoted as filed.

New this year

2 new

Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-11.

Related Party Transactions

“Certain wholly-owned subsidiaries of Quanta are party to certain facility leases with Three String Holdings, LLC (“Three String”), an entity which is partially owned by Karl Studer, who serves as our President - Electric Power. During 2025, these subsidiaries of Quanta paid an aggregate of $1,097,143 to Three String in rent expense related to these leases and, over the term of the leases, the subsidiaries have incurred certain costs associated with necessary leasehold improvements to these properties. These leases have terms extending through October 2028, and as of December 31, 2025, provided for aggregate remaining lease obligations of $1,844,018 through the conclusion of the lease terms. In addition, certain Quanta subsidiaries are party to property leases with Kilo & Echo, LLC (“Kilo”), an entity which is partially owned by Mr. Studer, and paid Kilo $874,686 in rent expense for 2025 related to these leases. As of December 31, 2025, the remaining lease obligations under these leases were $258,500 through the conclusion of the lease term in December 2029. Further, certain wholly-owned Quanta subsidiaries are party to certain facility leases with PSB Holdings, LLC (“PSB”), an entity which is partially owned by Mr. Studer. During 2025, these subsidiaries of Quanta paid an aggregate of $130,500 to PSB in rent expense related to these leases. Two of the leases have terminated, the remaining lease has a term extending through May 2027, and as of December 31, 2025, provided for remaining lease obligations of $76,500. Additionally, another wholly-owned subsidiary of Quanta is party to a facility lease with P&C Investments, LLC. (“P&C”), which is partially owned by Mr. Studer, and paid P&C $126,000 in rent expense related to the lease. Further, certain wholly-owned Quanta subsidiaries are party to aircraft dry lease agreements with Wasatch Aviation 1, LLC (“Wasatch”) that provide for certain business and operational-related travel, and subsidiaries of Quanta paid an aggregate of $2,073,082 in 2025 to Wasatch under these leases. Based upon an independent market valuation, we believe that the rental rates of these leases are aligned with fair market value.”
Read it in the proxy ↗

Related Party Transactions

“Additionally, during 2025, Quanta employed Colton Austin, the son of Mr. Austin. Colton Austin received an aggregate of $384,750 from Quanta including base salary, non-equity incentive compensation and other compensation and was granted 602 RSUs. Also during 2025, Quanta employed Cade Austin, the son of Mr. Austin. Cade Austin received an aggregate of $125,186 from Quanta including base salary, non-equity incentive compensation and other compensation and was granted 139 RSUs by Quanta. Additionally, in 2025 North Houston employed Cross Austin, the son of Mr. Austin. Cross Austin received an aggregate of $261,636 from North Houston including base salary, non-equity incentive compensation and other compensation and was granted 205 RSUs by Quanta. During 2025, Quanta employed Elyse Austin, the daughter-in-law of Mr. Austin. Elyse Austin received an aggregate of $178,139 from Quanta including base salary, non-equity incentive compensation and other compensation and was granted 79 RSUs by Quanta. Additionally, in 2025 Quanta employed Cabot Jackman, the son of Worthing Jackman, who is a current director and director nominee. Cabot Jackman received an aggregate of $135,055 from Quanta, including base salary, non-equity incentive compensation and other compensation and was granted 92 RSUs by Quanta. During 2025, Summit Line Construction, Inc. (“Summit”), a Quanta operating company, employed Andrew Hubbard, the brother-in-law of Mr. Studer. Andrew Hubbard received an aggregate of $180,235 from Summit including base salary, non-equity incentive compensation and other compensation and was granted 137 RSUs. Also during 2025, FiberTel, LLC, a Quanta operating company employed Clayton Hubbard, the brother-in-law of Mr. Studer. Clayton Hubbard received an aggregate of $154,021 from FiberTel, LLC including base salary, non-equity incentive compensation and other compensation and was granted 34 RSUs. For each of Colton Austin, Cade Austin, Cross Austin, Elyse Austin, Cabot Jackman,”
Read it in the proxy ↗

No longer reported 1 paragraph of the proxy filed 2025-04-11 with nothing like them this year

Related Party Transactions

“During 2024, Mr. Probst and an entity owned by Mr. Probst entered into transactions to sell or purchase certain vehicles for approximately $381,000 with certain other wholly-owned subsidiaries of Quanta and procured approximately $2,130,000 of services from certain wholly-owned subsidiaries of Quanta for work on properties owned by Mr. Probst. Additionally, Mr. Studer and an entity owned by Mr. Studer and procured approximately $200,000 of services from certain wholly-owned subsidiaries of Quanta for work on properties owned by Mr. Studer. Additionally, at the end of 2023 an entity owned by Mr. Probst and Mr. Studer purchased certain equipment from a wholly-owned subsidiary of Quanta for approximately $275,000. Quanta believes that these transactions were beneficial to Quanta, as the equipment sold was no longer utilized and the amounts paid for the equipment and services were in alignment with market rates available to unrelated third parties.”
Read it in last year's proxy ↗

The whole section 6 paragraphs, proxy filed 2026-04-10

Related Party Transactions

“North Houston Pole Line, LP (“North Houston”) and Digco Utility Construction, L.P. (“Digco”), each a wholly-owned subsidiary of Quanta, are party to certain facility leases with C4 Texas RE, LLC (“C4”), which is owned by Earl C. (Duke) Austin, Jr., who is our President, Chief Executive Officer and a director. During 2025, these subsidiaries of Quanta paid an aggregate of $516,960 to C4 in rent expense to these leases. These leases have terms through August 2026, and as of December 31, 2025 provided for aggregate remaining lease obligations of $344,617 through the conclusion of the lease terms. In addition, North Houston is a party to a facility lease with Mr. Austin and paid Mr. Austin $174,240 in rent expense for 2025 related to this lease. As of December 31, 2025, the aggregate remaining lease obligations under this lease were $116,160 through the conclusion of the lease term in August 2026. Further, North Houston is a party to a facility lease with Mr. Austin’s father and paid Mr. Austin’s father $217,800 in rent expense for 2025 related to this lease. As of December 31, 2025, the aggregate remaining lease obligations under this lease were $145,200 through the conclusion of the lease term in August 2026. Additionally, over the term of these leases, North Houston and Digco have incurred certain costs associated with necessary leasehold improvements to these properties These leases relate primarily to facilities that were occupied by North Houston when Quanta acquired North Houston in 2002. Based upon an independent market valuation, we believe that the rental rates of these leases are aligned with fair market value.”
Read it in the proxy ↗

Related Party Transactions

“Certain wholly-owned subsidiaries of Quanta are party to certain facility leases with Three String Holdings, LLC (“Three String”), an entity which is partially owned by Karl Studer, who serves as our President - Electric Power. During 2025, these subsidiaries of Quanta paid an aggregate of $1,097,143 to Three String in rent expense related to these leases and, over the term of the leases, the subsidiaries have incurred certain costs associated with necessary leasehold improvements to these properties. These leases have terms extending through October 2028, and as of December 31, 2025, provided for aggregate remaining lease obligations of $1,844,018 through the conclusion of the lease terms. In addition, certain Quanta subsidiaries are party to property leases with Kilo & Echo, LLC (“Kilo”), an entity which is partially owned by Mr. Studer, and paid Kilo $874,686 in rent expense for 2025 related to these leases. As of December 31, 2025, the remaining lease obligations under these leases were $258,500 through the conclusion of the lease term in December 2029. Further, certain wholly-owned Quanta subsidiaries are party to certain facility leases with PSB Holdings, LLC (“PSB”), an entity which is partially owned by Mr. Studer. During 2025, these subsidiaries of Quanta paid an aggregate of $130,500 to PSB in rent expense related to these leases. Two of the leases have terminated, the remaining lease has a term extending through May 2027, and as of December 31, 2025, provided for remaining lease obligations of $76,500. Additionally, another wholly-owned subsidiary of Quanta is party to a facility lease with P&C Investments, LLC. (“P&C”), which is partially owned by Mr. Studer, and paid P&C $126,000 in rent expense related to the lease. Further, certain wholly-owned Quanta subsidiaries are party to aircraft dry lease agreements with Wasatch Aviation 1, LLC (“Wasatch”) that provide for certain business and operational-related travel, and subsidiaries of Quanta paid an aggregate of $2,073,082 in 2025 to Wasatch under these leases. Based upon an independent market valuation, we believe that the rental rates of these leases are aligned with fair market value.”
Read it in the proxy ↗

Related Party Transactions

“Additionally, during 2025, Quanta employed Colton Austin, the son of Mr. Austin. Colton Austin received an aggregate of $384,750 from Quanta including base salary, non-equity incentive compensation and other compensation and was granted 602 RSUs. Also during 2025, Quanta employed Cade Austin, the son of Mr. Austin. Cade Austin received an aggregate of $125,186 from Quanta including base salary, non-equity incentive compensation and other compensation and was granted 139 RSUs by Quanta. Additionally, in 2025 North Houston employed Cross Austin, the son of Mr. Austin. Cross Austin received an aggregate of $261,636 from North Houston including base salary, non-equity incentive compensation and other compensation and was granted 205 RSUs by Quanta. During 2025, Quanta employed Elyse Austin, the daughter-in-law of Mr. Austin. Elyse Austin received an aggregate of $178,139 from Quanta including base salary, non-equity incentive compensation and other compensation and was granted 79 RSUs by Quanta. Additionally, in 2025 Quanta employed Cabot Jackman, the son of Worthing Jackman, who is a current director and director nominee. Cabot Jackman received an aggregate of $135,055 from Quanta, including base salary, non-equity incentive compensation and other compensation and was granted 92 RSUs by Quanta. During 2025, Summit Line Construction, Inc. (“Summit”), a Quanta operating company, employed Andrew Hubbard, the brother-in-law of Mr. Studer. Andrew Hubbard received an aggregate of $180,235 from Summit including base salary, non-equity incentive compensation and other compensation and was granted 137 RSUs. Also during 2025, FiberTel, LLC, a Quanta operating company employed Clayton Hubbard, the brother-in-law of Mr. Studer. Clayton Hubbard received an aggregate of $154,021 from FiberTel, LLC including base salary, non-equity incentive compensation and other compensation and was granted 34 RSUs. For each of Colton Austin, Cade Austin, Cross Austin, Elyse Austin, Cabot Jackman,”
Read it in the proxy ↗

CERTAIN TRANSACTIONS

“Andrew Hubbard and Clayton Hubbard, the RSUs had a grant date fair value of $258.96 per share, vest in three equal annual installments beginning in the first quarter of 2026 and were granted on the same terms and conditions as RSUs granted to other U.S. employees in 2025.”
Read it in the proxy ↗

CERTAIN TRANSACTIONS

“Additionally in 2025, SAP Holdings, LLC, which is partially owned by Earl C. (Duke) Austin, Jr. and Karl Studer, engaged certain Quanta wholly-owned subsidiaries to perform approximately $398,646 in services on certain properties indirectly owned by SAP Holdings, LLC. Such services were provided at market rates, in line with rates for services for unrelated third parties.”
Read it in the proxy ↗

Review of Related Party Transactions

“We have a written policy and procedures for the review, approval and ratification of transactions with related persons. Under our policy, related persons include, among others, our executive officers and corporate employees, certain employees of our subsidiaries, directors, principal stockholders, and immediate family members of such persons. The transactions covered under our policy generally include any business transaction between Quanta and a related person, including, among others, the lease of real property from a related person, the employment of a related person, the sale of inventory or supplies to or the purchase of inventory or supplies from a related person, and the supply of services to or receipt of services from a related person. Related party transactions involving an amount exceeding $120,000 and in which any of our directors, director nominees, executive officers, beneficial owners of greater than five percent (5%) of any class of our voting securities, or any immediate family members of the foregoing may have an interest require the approval of the Audit Committee. In considering the approval of any related party transaction, a legitimate business case must be presented that includes, among other things, whether the transaction terms are no less favorable than the terms generally available to an unaffiliated third party, the materiality of the transaction and the reasons that the transaction is beneficial to Quanta.”
Read it in the proxy ↗

Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗

Work on PWR in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/PWR/export.csv") into a cell.