PARSONS CORP
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
On August 9, 2021, the Company’s Board of Directors authorized the Company to acquire a number of shares of Common Stock having an aggregate market value of not greater than $100 million from time to time, commencing on August 12, 2021. The Board further amended this authorization in August 2022 to remove the prior expiration date and grant executive leadership the discretion to determine the price for such share repurchases. The Board further amended this authorization in March 2025 to increase and reset the repurchase capacity to $250 million. Any purchases made by the Company during Q1 of 2025 would be deducted from the reset capacity.
Under prior authorizations, the Company had repurchased shares with an aggregate market value of $79.7 million. The aggregate market value of shares of Common Stock the Company is authorized to acquire from prior authorizations and the March 2025 authorization is not greater than $329.7 million.
As of September 30, 2025, the Company has spent $144.7 million repurchasing 2,679,421 shares of Common Stock at an average price of $54.00 per share.
Repurchased shares of common stock are retired and included in “Repurchases of common stock” in cash flows from financing activities in the Consolidated Statements of Cash Flows. The primary purpose of the Company’s share repurchase program is to reduce the dilutive effect of shares issued under the Company’s ESOP and other stock benefit plans. The timing, amount and manner of share repurchases may depend upon market conditions and economic circumstances, availability of investment opportunities, the availability and costs of financing, the market price of the Company's common stock, other uses of capital and other factors.
The following table presents the Company's repurchases of equity securities for the three months ended September 30, 2025.
| Period · (a)Total number of shares (or units purchased) · (b)Average price paid per share (or unit) (1) · (c)Total number of shares (or units) purchased as part of publicly announced plans or programs · (d)Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans programs | |||||
|---|---|---|---|---|---|
| July 1 to 31, 2025 | - | $ | - | - | $210,005,603 |
| August 1 to 31, 2025 | 188,720 | $79.48 | 188,720 | 195,005,752 | |
| September 1 to 30, 2025 | 134,455 | $74.37 | 134,455 | 185,005,893 | |
| Total | 323,175 | $77.36 | 323,175 | $185,005,893 | |
1 Includes commissions in the calculation of average price per share
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