Parsons approves $10 million stock award for CEO Carey A. Smith

Reuters05:14

Parsons approves $10 million stock award for CEO Carey A. Smith

Parsons Corporation’s board approved a $10 million equity award for CEO Carey A. Smith, made up of 60% performance stock units and 40% restricted stock units. The RSUs vest evenly over four years starting March 10, 2026, while the PSUs cover a four-year period from Jan. 1, 2026 to Dec. 31, 2029 and cliff vest after the period based on relative total shareholder return versus a custom peer group. PSU payouts range from zero at or below the 35th percentile to 100% at the 65th percentile and up to 150% at or above the 75th percentile.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parsons Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-076537), on February 26, 2026, and is solely responsible for the information contained therein.

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