Equity

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Equity

13. 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
September 30, 2022	158	$	21,033
June 30, 2022	731	$	84,884
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 September 30, 2022 and 2021, cash payments related to stock repurchases were $20.8 million and $17.8 million and during the nine months ended September 30, 2022 and 2021, cash payments related to stock repurchases were $115.1 million and $66.7 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 nine months of 2022 (in thousands, except per share amounts):

Declaration	Record	Payment	Dividend		Dividends
Date	Date	Date	Per Share		Declared
August 31, 2022	October 3, 2022	October 14, 2022	$	0.07	$	10,322
May 27, 2022	July 1, 2022	July 15, 2022	$	0.07	$	10,283
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