Parsons grants CEO Carey Smith $10 million stock award tied to 2026-2029 performance
Parsons' board approved a stock award for CEO Carey A. Smith on February 20, 2026, with a target grant-date value of $10 million, split 60% performance stock units and 40% restricted stock units. The award is meant to recognize her performance and retain her, and its performance units pay out based on the company's relative total stockholder return against a custom peer group, so pay depends on how the stock performs against peers.
Key points
- Board approved the award on February 20, 2026, with a target grant-date value of $10 million.
- PSUs (60%) cover January 1, 2026 through December 31, 2029; target payout is $6 million at the 65th percentile of relative TSR.
- RSUs (40%) vest ratably over four years starting March 10, 2026, about $1 million per year at target.
- PSU payout is zero at or below the 35th percentile and capped at $9 million (150% of target) at or above the 75th percentile.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.