Earl C. Austin, Jr. has been the CEO of Quanta Services since March 2016, after a long journey through various roles within the company. He started as the President of the Electric Power Division and the Natural Gas and Pipeline...

Number of Employees

52.5K

Year

2023

Total Compensation

$34.46M

Salary

$1.29M

Board Justification

Quanta's compensation philosophy is designed to attract, motivate, and retain executives by aligning their interests with those of stockholders, focusing on performance-based incentives and long-term value creation.

Bonus

$2.45M

Board Justification

The total payout to Mr. Austin under the 2023 annual incentive plan was based on the company's overall performance, resulting in an achievement percentage of 125.8%.

Other

$321.33K

Board Justification

Other compensation includes 401(k) matching contributions, perquisites such as personal use of corporate aircraft, and other benefits.

Restricted Stock

$30.40M(137.99K RSU)

Board Justification

The stock awards that vested in 2023 include shares associated with RSU awards and PSUs that became earned and vested based on performance metrics for the 3-year period ending December 31, 2023.

Performance Metrics

The performance metrics for determining Mr. Austin's compensation included financial performance targets such as Adjusted EBITDA and safety performance improvement.

SEC Filing

From April 12, 2024

Earl C. Austin, Jr.

CEO of Quanta Services

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Education

Bachelor of Arts in Business Management

Field of Expertise

Business & Management

Born

January 1, 1970 - 55 years ago

Is Founder?

No

Current Tenure

8 years 10 months (Mar 2016 - Present)

Previous Experience

Chief Executive Officer of Quanta Services, Inc.