Subsequent Events

3 Months Ended

Mar. 31, 2022

Subsequent Events [Abstract]

Subsequent Events

19. Subsequent Events

   On April 20, 2022, the Board of Directors authorized the Fifth Amendment to the Parsons Corporation Employee Stock Ownership Plan 2019 Amendment and Restatement (the Plan) providing for lump sum distributions to participants. The ESOP Advisory Committee executed the Fifth Amendment to the Plan on April 28, 2022. Participants were previously required to take distributions in up to three annual installments if their balance exceeded certain thresholds as disclosed in the Company’s 10-K for the year ended December 31, 2021. Annual diversification elections and five-year vested termination distributions are not impacted by this amendment and will still occur annually and over installments as outlined in the Plan.