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 Division, making significant contributions to the growth of Quanta. With a Bachelor of Arts in Business Management, Austin's practical experience in the electric and natural gas sectors has shaped his leadership style and decision-making. Under his guidance, the company has seen incredible financial performance, including a remarkable 125.8% achievement on performance targets that boosted his incentives. Beyond numbers, Austin has a background in safety performance, showing his commitment to workplace safety. He has also engaged heavily in the company’s stock, where peak values reached as high as $200 million in 2024. His approach to business reflects not just financial gain, but a dedication to people and performance. His leadership exemplifies how aligning executive goals with company performance can lead to overall growth and success in the competitive landscape of utility services.

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Earl C. Austin, Jr.

CEO of Quanta Services

Education

Bachelor of Arts in Business Management

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1970 - 55 years ago

CEO of Quanta Services for

9 years 0 months (Mar 2016 - Present)

Previous Experience

Chief Executive Officer of Quanta Services, Inc.

Rivals

Competitors/colleagues of Earl C. Austin, Jr.

Matthew J. Flannery

CEO of United Rentals

2023 Compensation

Stock

$20.13M

Salary

$1.10M

Bonus

$1.05M

Other

$23.28K

Total Holdings

$64.18M

Craig Arnold

CEO of Eaton Corporation

2023 Compensation

Stock

$18.84M

Salary

$1.44M

Bonus

$0.00

Other

$234.61K

Total Holdings

$23.28M

Anthony J. Guzzi

CEO of EMCOR Group

2023 Compensation

Stock

$2.70M

Salary

$1.24M

Bonus

$0.00

Other

$159.27K

Total Holdings

$98.76M

Paul DiMarco

CEO of MasTec

2023 Compensation

Stock

$7.00M

Salary

$1.25M

Bonus

$1.35M

Other

$44.07K

Total Holdings

$6.31M

Carlos M. Hernandez

CEO of Fluor

2023 Compensation

Stock

$24.56M

Salary

$1.35M

Bonus

$3.38M

Other

$269.24K

Total Holdings

$25.75M

Bob Pragada

CEO of Jacobs Solutions

2023 Compensation

Stock

$1.50M

Salary

$1.00M

Bonus

$500.00K

Other

$200.00K

Total Holdings

$34.62M

Holdings

See how much did Earl C. Austin, Jr. make over time.

Earl Austin's stock holdings in Quanta Services tell an interesting story. Over the years, he has demonstrated a deep commitment to the company's success, as shown by the substantial value of his shares. In 2019, his holdings floated around $24 million, with notable peaks reaching a staggering $200 million in 2024 amidst significant stock market performance. This means his wealth is closely tied to Quanta's outcomes. The fluctuations reveal both the volatile nature of the market and the confidence Austin has in the company’s strategy. His actions suggest a belief not just in personal gain but in the long-term potential of Quanta Services as a leader in the utility sector.

Total Stock Sold

$89.94M

PWR

$89.94M

615,000 PWR shares

What if they kept their stock?

If Earl C. Austin, Jr. didn't sell their stock, today they would have:
Extra PWR615,000 shares worth $20.37M.
This is -77.35% and $69.56M less than what they got when they sold the stock.

Charitable Transactions

PWR

15,000 shares

PWR

Recent Charitable Transactions

PWR

15,000 shares

PWR

Jun 10, 2022

Charity

Insider Trading

See recent insider trades of Earl C. Austin, Jr..

PWR

109,189 shares

PWR

Feb 27, 2025

Received

PWR

$34.15M

PWR at $262.70/share

Aug 14, 2024

Sale

PWR

115,958 shares

PWR

Mar 1, 2024

Received

PWR

$27.83M

PWR at $173.95/share

May 11, 2023

Sale

PWR

18,605 shares

PWR

Mar 9, 2023

Received

PWR

256,183 shares

PWR

Mar 7, 2023

Received

PWR

15,000 shares

PWR

Jun 10, 2022

Charity

PWR

$17.20M

PWR at $127.39/share

Jun 10, 2022

Sale

PWR

281,293 shares

PWR

Mar 2, 2022

Received

PWR

21,755 shares

PWR

Mar 2, 2022

Received

Compensation History

See how much did Earl C. Austin, Jr. make over time.

In 2023, Earl Austin's total compensation reached around $14.5 million. This included a salary of about $1.29 million but what stands out is the bonus, which soared to over $2.45 million based on performance metrics. His vested stock awards contributed an impressive $30.4 million, linked to his leadership effectiveness and the company's performance over three years. The focus on performance-based incentives rewards Austin not just for financial success but also for improving safety measures and overall company health. This structure illustrates how Quanta Services emphasizes the alignment of the CEO's interests with those of its shareholders, driving both long-term success and accountability. Austin's pay reflects a belief in rewarding hard work and achievement within a challenging industry.

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.

Other Quanta Services CEOs

Here are other CEOs of Quanta Services

James F. O'Neil III

Ex-CEO of Quanta Services

May 2011 - March 2016