PRESS RELEASE
Published on March 2, 2006
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PRESS RELEASE |
FOR IMMEDIATE RELEASE
06-04
Contacts:
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James Haddox, CFO Reba Reid Quanta Services, Inc. 713-629-7600 |
Ken Dennard / ksdennard@drg-e.com Lisa Elliott / lelliott@drg-e.com DRG&E 713-529-6600 |
OFFICERS OF QUANTA SERVICES TO REPORT
THE WITHHOLDING OF SHARES
THE WITHHOLDING OF SHARES
HOUSTON March 2, 2006 Quanta Services, Inc. (NYSE: PWR) announced today that certain of
its executive officers will submit Form 4 filings pursuant to Section 16 of the Securities Exchange
Act of 1934.
Under Quantas 2001 Stock Incentive Plan, certain of its employees, including certain executive
officers, previously received restricted stock awards, a portion of which vested on February 28,
2006. Pursuant to the Plan, employees may elect to satisfy their tax withholding obligations upon
vesting by having Quanta make the tax payments and withhold a number of vested shares having a
value on the date of vesting equal to the employees tax withholding obligation. As a result of
employee elections, Quanta withheld shares of stock from certain of its executive officers to
satisfy their tax obligations. The Form 4 filings will report as dispositions the number of
shares withheld by Quanta and will reflect that the dispositions are exempt transactions in
accordance with Rule 16b-3 under the Exchange Act.
Quanta Services, Inc. is a leading provider of specialized contracting services, delivering
end-to-end network solutions for electric power, gas, telecommunications and cable television
industries. The companys comprehensive services include designing, installing, repairing and
maintaining network infrastructure nationwide.
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