PARSONS CORP
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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Jun 30, 2025 · Filed Aug 6, 2025
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Other Information
Item 5. Other Information.
Insider Trading Relationships and Policies
In conformance with updated SEC regulations, the Company hasadopted amended insider trading policies and procedures governing the purchase, sale and/or other dispositions of the Company's securities by directors, officers and employees, or the Company itself, that are reasonably designed to promote compliance with insider trading laws, rules and regulations, and New York Stock Exchange standards.
Executive Compensation
As anticipated in the 8-K filed by Parsons Corporation on June 2, 2025, Parsons received notice of the termination for convenience of the material confidential contract with the Department of State on July 16, 2025. At the time of establishing the 2025 employee incentive plan, this termination was unforeseeable, and it was not within the control of the company nor its employees, having followed soon after the exercise of the contract option. Accordingly, the Parsons Board of Directors unanimously agreed that it is appropriate to modify certain 2025 short-term and long-term incentives for Parsons’ employees. Should the termination be revoked or the contract otherwise extended, any related financial benefit would be excluded from the incentive performance metrics.
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