Parsons Corp Director George Ball Purchases 20,000 Shares
On August 7, 2026, George L. Ball, a director at Parsons Corporation (NYSE: PSN), purchased 20,000 shares of the company's common stock at $47.97 per share in an insider transaction reported via SEC Form 4. The purchase increased his direct ownership by approximately 13%, bringing it to 170,383 shares directly and adding another 205,000 indirectly through a family trust. The stock closed at $47.55 on the day of the transaction, slightly below the average price paid in this purchase. Parsons operates primarily within defense, intelligence, and critical infrastructure sectors with two main divisions: Federal Solutions and Critical Infrastructure. The company reported trailing twelve-month revenue of $6.3 billion but has seen a 1% decline in second-quarter revenue compared to last year. Despite recent challenges including lowered guidance due to slumping revenues, the insider buying activity may be viewed as a sign of confidence by key stakeholders amidst broader market conditions where Parsons' stock price has dropped about 40% over one year.
Tickers: $PSN