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Parsons ( (PSN) ) has issued an announcement.
On February 20, 2026, Parsons Corporation’s board approved a $10 million stock award for Chief Executive Officer Carey A. Smith, structured as 60% performance stock units and 40% restricted stock units, to recognize her performance and support long-term retention. The restricted units will vest annually over four years starting March 10, 2026, while the performance units will vest after a four-year period ending December 31, 2029, with payout tied to Parsons’ relative total shareholder return versus a custom peer group, reinforcing a pay-for-performance model that links Smith’s compensation to shareholders’ long-term returns and market positioning.
Under the plan, the performance stock units provide no payout at or below the 35th percentile of relative total shareholder return, reach a target $6 million payout at the 65th percentile, and can pay up to $9 million at or above the 75th percentile, with results interpolated between thresholds. The annualized face value of the grant is $2.5 million at target over four years, indicating a significant long-term incentive designed to support leadership continuity and potentially enhance investor confidence in the company’s strategic direction and value creation.
The most recent analyst rating on (PSN) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Parsons stock, see the PSN Stock Forecast page.
Spark’s Take on PSN Stock
According to Spark, TipRanks’ AI Analyst, PSN is a Neutral.
The score is driven primarily by solid underlying fundamentals and cash flow quality, supported by generally manageable leverage, but tempered by questionable 2025 financial statement anomalies and rising debt. Earnings call takeaways are moderately positive (margin/cash guidance, backlog strength) but offset by the confidential-contract headwind and Federal Solutions execution/collections risks. Technical signals are largely neutral and do not add strong support, while valuation appears reasonable at ~19.8x earnings without dividend yield support.
To see Spark’s full report on PSN stock, click here.
More about Parsons
Parsons Corporation operates in the professional services and technology sector, focusing on engineering, construction, and technical solutions for government and commercial clients. The company frequently uses equity-based compensation to align executive incentives with shareholder value and to retain key leadership talent in a competitive market for experienced CEOs.
Average Trading Volume: 1,569,210
Technical Sentiment Signal: Sell
Current Market Cap: $6.85B
Learn more about PSN stock on TipRanks’ Stock Analysis page.