# EDGAR Filing Document

**Accession Number:** 0001050915
**File Stem:** 0001193125-26-091646
**Filing Date:** 2026-3
**Character Count:** 18623
**Document Hash:** c23cc914c754e41c28f21de4ec3f7a4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-091646.hdr.sgml**: 20260304

**ACCESSION NUMBER**: 0001193125-26-091646

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260226

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260304

**DATE AS OF CHANGE**: 20260304

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** QUANTA SERVICES, INC.
- **CENTRAL INDEX KEY:** 0001050915
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRICAL WORK [1731]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 742851603
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13831
- **FILM NUMBER:** 26721834

**BUSINESS ADDRESS:**
- **STREET 1:** 2727 NORTH LOOP WEST
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77008-1044
- **BUSINESS PHONE:** 713-629-7600

**MAIL ADDRESS:**
- **STREET 1:** 2727 NORTH LOOP WEST
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77008-1044

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** QUANTA SERVICES INC
- **DATE OF NAME CHANGE:** 19971205

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### PURSUANT TO SECTION 13 OR 15(D)

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### Date of report (Date of earliest event reported):

#### February 26, 2026

## Quanta Services, Inc.

#### (Exact name of registrant as specified in its charter)

#### Delaware

#### (State or other jurisdiction

#### of incorporation)

---

| | |
|:---|:---|
| **001-13831** | **74-2851603** |
| **(Commission**<br> **File No.)** | **(IRS Employer**<br> **Identification No.)** |

---

#### 2727 North Loop West

#### Houston, Texas 77008

#### (Address of principal executive offices, including ZIP code)
(713) 629-7600

#### (Registrant's telephone number, including area code)

#### Not Applicable

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** | **Name of exchange**<br> **on which registered** |
| Common Stock, $0.00001 par value | PWR | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) On February 26, 2026, the Compensation Committee (the "Compensation Committee") of the Board of Directors (the "Board") of Quanta Services, Inc. ("Quanta") adopted the 2026 annual incentive plan for all corporate employees, the 2026 long-term incentive plan for senior leadership and the 2026 discretionary plan for all employees (collectively, the "Incentive Plan"). Under the Incentive Plan, certain employees of the Company, including all executive officers, are eligible to receive incentive compensation awards payable in cash, restricted stock units and/or performance stock units, and the Compensation Committee established specific target incentive amounts for the executive officers. All equity-based awards under the Incentive Plan will be made pursuant to the Quanta Services, Inc. 2019 Omnibus Equity Incentive Plan, as amended (the "Omnibus Plan"), and the applicable award agreements adopted thereunder, or other plans that may be approved from time to time by the Board or by stockholders as required.

Certain awards under the Incentive Plan are based on the achievement of annual or long-term performance metrics. The annual performance metrics for 2026 include EBITDA, EBITDA margin and safety. The long-term incentive performance metrics for the January 1, 2026 through December 31, 2028 performance period include return on invested capital, earnings per share and total stockholder return.

The foregoing description of the Incentive Plan is qualified in its entirety by reference to the Incentive Plan, the Omnibus Plan, as amended, and the applicable award agreements, copies of which are included as Exhibits 10.1, 10.2, 10.3, 10.4, 10.5 and 10.6 to this Current Report on Form 8-K and incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

---

| | |
|:---|:---|
| Exhibit No. | Exhibit |
| 10.1 | [Quanta Services, Inc. Term Sheet for 2026 Annual Incentive Plan – Corporate Employees, Quanta Services, Inc. Term Sheet for 2026 Senior Leadership Long-Term Incentive Plan and Quanta Services, Inc. Term Sheet for 2026 Discretionary Plan – All Employees](d115375dex101.htm) |
| 10.2 | [Quanta Services, Inc. 2019 Omnibus Equity Incentive Plan (previously filed as Exhibit 10.1 to the Company's Form 8-K filed May 24, 2019 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1050915/000119312519157174/d765169dex101.htm) |
| 10.3 | [Amendment No. 1 to the Quanta Services, Inc. Omnibus Equity Incentive Plan (previously filed as Exhibit 10.2 to the Company's Form 8-K filed May 31, 2022 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1050915/000119312522164013/d280914dex102.htm) |
| 10.4 | [Amendment No. 2 to the Quanta Services, Inc. Omnibus Equity Incentive Plan (previously filed as Exhibit 10.3 to the Company's Form 8-K filed May 29, 2025 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1050915/000119312525130598/d14177dex103.htm) |
| 10.5 | [Form of PSU Award Agreement for awards to employees/consultants pursuant to the 2019 Omnibus Equity Incentive Plan (adopted August 2023) (previously filed as Exhibit 10.7 to the Company's Form 10-Q for the quarter ended September 30, 2023 filed November 2, 2023 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1050915/000105091523000164/pwr09-30x2023ex107.htm) |
| 10.6 | [Form of RSU Award Agreement for awards to employees/consultants pursuant to the 2019 Omnibus Equity Incentive Plan (adopted August 2023) (previously filed as Exhibit 10.5 to the Company's Form 10-Q for the quarter ended September 30, 2023 filed November 2, 2023 and incorporated herein by reference)](http://www.sec.gov/Archives/edgar/data/1050915/000105091523000164/pwr09-30x2023ex105.htm) |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Dated: March 4, 2026 | Quanta Services, Inc. | Quanta Services, Inc. | Quanta Services, Inc. |
|  | By: | /s/ Donald C. Wayne | /s/ Donald C. Wayne |
|  |  | Name: | Donald C. Wayne |
|  |  | Title: | Executive Vice President and General Counsel |

---

## Exhibit 10.1

**Exhibit 10.1**![LOGO](g115375g0303075258798.jpg)

**Quanta Services, Inc.** 

**Term Sheet** 

**2026 Annual Incentive Plan – Corporate Employees** 

**<u>Participants</u>**

Employees will be selected to participate in the 2026 Annual Incentive Plan – Corporate Employees (the "Plan") at the discretion of the Chief Executive Officer ("CEO"), provided that executive officers will be selected with the approval of the Compensation Committee after consultation with the CEO.

**<u>Target Incentive</u>**

A target incentive amount, representing a specified percentage of annual base salary, has been established for each participant in the Plan.

**<u>Performance Period</u>**

One year, beginning on January 1, 2026, through December 31, 2026.

**<u>Company Performance Metrics and Weighting</u>**

Metrics and Weighting, which are determined by Compensation Committee annually, are as follows for 2026:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EBITDA 60%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EBITDA Margin 20%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Safety Performance 20%

The payout on each metric will be determined based on the level of achievement as determined by the Compensation Committee relative to pre-established goals, according to the following table:

---

| | |
|:---|:---|
| **Percent of Achievement** | **Payout<br>Percentage** |
|  Less than Minimum Threshold | 0% |
|  25% | 25% |
|  50% | 50% |
|  100% | 100% |
|  150% | 150% |
|  200% | 200% |

---

**<u>Administration and Limitations</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When performance falls between the designated points in the table, the incentive will be determined by
interpolation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any incentive will be subject to (i) assessment of overall company performance to ensure that payout of
incentives will not jeopardize the financial stability of the company, and (ii) discretion of Quanta management regarding individual performance.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A participant must be employed by the company on the date incentive compensation under the Plan is paid. Any
participant not employed by the company on the payment date forfeits any and all rights to such incentive compensation. It is the company's intention to pay incentive compensation earned under the plan in March following the end of the
calculation period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A new participant added to this Plan during the Plan year will be pro-rated from their date of hire unless otherwise determined by the CEO or, in the case of any executive officer, the Compensation Committee.

**<u>Clawback Provision</u>**

Notwithstanding anything herein to the contrary, any and all incentive compensation awarded or paid by the Company shall be subject to clawback, forfeiture and repayment (i) to the extent necessary to comply with the requirements of applicable law, the rules and regulations of the Securities and Exchange Commission, applicable stock exchange listing standards, or any clawback policy of the Company, as amended from time to time, or (ii) to the extent deemed appropriate by the Board of Directors or any committee thereof, upon its determination that the recipient has violated applicable restrictive covenants.

**<u>Incentive Payout</u>**

Any incentive earned under the Plan is intended to be paid in cash.

------

![LOGO](g115375g0303075258798.jpg)

**Quanta Services, Inc.** 

**Term Sheet** 

**2026 Senior Leadership Long-Term Incentive Plan** 

**<u>Participants</u>**

Employees will be selected to participate in the 2026 Senior Leadership Long-Term Incentive Plan (the "Plan") with the approval of the Compensation Committee after consultation with the Chief Executive Officer ("CEO").

**<u>Target Incentive</u>**

A target incentive amount, representing a specified percentage of annual base salary, has been established for each participant in the Plan.

**<u>Performance Period</u>**

Three years, beginning on January 1, 2026, through December 31, 2028. 

**<u>Company Performance Component</u>**

A specified percentage (namely, 70% with respect to the CEO and certain other senior leadership personnel designated by the CEO and reviewed by the Compensation Committee; 60% with respect to certain senior leadership personnel whose annual base salary rate is expected to exceed $400,000 as of December 31, 2026 or as otherwise designated by the CEO; and 50% with respect to other senior leadership personnel) of a participant's long-term incentive target value will be awarded in performance stock units that, subject to the terms of the applicable award agreement, cliff vest following the end of the three-year performance period at the rate determined by the Committee based on the achievement of company financial performance metrics.

**<u>Company Performance Metrics and Weighting</u>**

Metrics and Weighting, which are determined by Compensation Committee shortly following commencement of the performance period, are as follows for 2026-2028:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return on Invested Capital 65%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 3-Year Cumulative Earnings Per Share 35%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total Shareholder Return Modifier (across entire Plan)

The vesting rate or payout percentage on each metric will be determined following conclusion of the three-year performance period based on the level of achievement relative to pre-established goals as certified by the Compensation Committee.

**<u>Individual Component</u>**

The remaining percentage (or 30% with respect to the CEO and the other designated senior leadership personnel, 40% with respect to senior leadership personnel whose annual base salary rate is expected to exceed $400,000 as of December 31, 2026, and 50% with respect to other senior leadership personnel) of a participant's long-term incentive target value will be awarded in time-vested restricted stock units that, subject to the terms of the applicable award agreement, vest ratably over a three-year period following the date of grant.

------

**<u>Administration and Limitations</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any incentive will be subject to (i) assessment of overall company performance to ensure that payout of
incentives will not jeopardize the financial stability of the company and (ii) discretion of Quanta management regarding individual performance, and (iii) approval by the Compensation Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• It is intended that incentives pursuant to the Plan be granted in equity-based awards, such as performance stock
units and restricted stock units described above, that may be settled solely in common stock. However, with the approval of the Compensation Committee, after consultation with the CEO, incentives pursuant to this plan may be granted in (or
substituted with) equity-based awards that may be settled in cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Generally, a participant must be employed by the company on the date of vesting to be eligible to receive the
payout, and any participant not employed by the company on the vesting date forfeits any and all rights to such payout. However, the Compensation Committee, after consultation with the CEO, may determine to permit a participant who leaves prior to
the completion of the three-year performance period to receive his or her payout, or some portion of it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Awards to a new participant added to this Plan during the first nine months of the performance period generally
will be pro-rated from their date of hire unless otherwise determined by the Compensation Committee.

**<u>Clawback Provision</u>**

Notwithstanding anything herein to the contrary, any and all incentive compensation awarded or paid by the Company shall be subject to clawback, forfeiture and repayment (i) to the extent necessary to comply with the requirements of applicable law, the rules and regulations of the Securities and Exchange Commission, applicable stock exchange listing standards, or any clawback policy of the Company, as amended from time to time, or (ii) to the extent deemed appropriate by the Board of Directors or any committee thereof, upon its determination that the recipient has violated applicable restrictive covenants.

------

![LOGO](g115375g0303075258798.jpg)

**Quanta Services, Inc.** 

**Term Sheet** 

**2026 Discretionary Plan – All Employees** 

**<u>Participants</u>**

Employees may be selected to receive an award pursuant to this Plan at the discretion of the Chief Executive Officer ("CEO"), provided that any such award to an executive officer shall be subject to Compensation Committee approval.

**<u>Awards</u>**

Awards may be made in cash, restricted stock units, or a combination thereof.

**<u>Administration and Limitations</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A participant must be employed by the company on the date the award is paid. Any participant not employed by the
company on the payment date forfeits any and all rights to such award. It is the company's intention to pay the awards under the plan in March.

**<u>Clawback Provision</u>**

Notwithstanding anything herein to the contrary, any and all incentive compensation awarded or paid by the Company shall be subject to clawback, forfeiture and repayment (i) to the extent necessary to comply with the requirements of applicable law, the rules and regulations of the Securities and Exchange Commission, applicable stock exchange listing standards, or any clawback policy of the Company, as amended from time to time, or (ii) to the extent deemed appropriate by the Board of Directors or any committee thereof, upon its determination that the recipient has violated applicable restrictive covenants.