Quarterly report pursuant to Section 13 or 15(d)

Equity

v3.22.1
Equity
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Equity EQUITY:
Stock repurchases
Quanta repurchased the following shares of common stock in the open market under stock repurchase programs (in thousands):
Quarter ended: Shares Amount
March 31, 2022 85  $ 10,426 
December 31, 2021 —  $ — 
September 30, 2021 185  $ 16,828 
June 30, 2021 314  $ 29,450 
March 31, 2021 222  $ 17,710 
Quanta’s policy is to record a stock repurchase as of the trade date of the transaction; however, the payment of cash related to the repurchase is made on the settlement date of the transaction. During the three months ended March 31, 2022 and 2021, cash payments related to stock repurchases were $9.5 million and $19.5 million. Repurchases may be implemented through open market repurchases or privately negotiated transactions, at management’s discretion, based on market and business conditions, applicable contractual and legal requirements, including restrictions under Quanta’s senior credit facility, and other factors. Quanta is not obligated to acquire any specific amount of common stock, and the repurchase program may be modified or terminated by Quanta’s Board of Directors at any time at its sole discretion and without notice.
Dividends
Quanta declared and paid the following cash dividends and cash dividend equivalents during 2021 and the first three months of 2022 (in thousands, except per share amounts):
Declaration Record Payment Dividend Dividends
Date Date Date Per Share Declared
March 30, 2022 April 11, 2022 April 18, 2022 $ 0.07  $ 10,459 
December 1, 2021 January 4, 2022 January 14, 2022 $ 0.07  $ 10,363 
August 27, 2021 October 1, 2021 October 15, 2021 $ 0.06  $ 8,638 
May 27, 2021 July 1, 2021 July 15, 2021 $ 0.06  $ 8,650 
March 25, 2021 April 6, 2021 April 15, 2021 $ 0.06  $ 8,429