Parsons Corporation Insider Transactions: Insider Buying Amid Low Ownership Levels

Insiders at Parsons Corporation have been net buyers of the stock over the past 12 months, with the largest purchase being $470k worth of shares by Independent Director Harry McMahon at $58.30 per share. While insiders own 0.9% of the company, worth $73m, there have been no recent insider transactions.

Parsons Corporation (NYSE: PSN) has made a significant stride in the smart transportation infrastructure sector with the successful deployment of the New Jersey Department of Transportation's (NJDOT) Statewide Advanced Traffic Management System (ATMS). Powered by Parsons' Intelligent NETworks (iNET®) smart mobility solution, this integrated system marks a pivotal moment in the state's traffic management capabilities [1].

The deployment, which occurred in partnership with HNTB Corporation, represents a substantial upgrade from NJDOT's previous reliance on various legacy software packages. The new ATMS provides comprehensive features such as ITS device control, automated incident detection and management, and integrated response plans, consolidating previously disparate systems into a unified platform [1].

The project's excellence was recognized with the 2025 Excellence in Engineering Award at the New Jersey Alliance for Action's Distinguished Engineering Awards, validating the technical achievement and enhancing Parsons' competitive positioning [1]. This contract carries particular weight as a complete statewide implementation rather than a limited municipal deployment, demonstrating Parsons' ability to handle large-scale, complex government contracts [1].

For investors, this deployment represents Parsons' execution capability in the smart infrastructure market and strengthens their position in the transportation technology segment. By securing a state-level implementation, Parsons demonstrates its ability to manage large-scale, complex government contracts – typically high-value, long-term engagements that provide stable revenue streams. The successful deployment also creates opportunities for maintenance contracts, system expansions, and reference-based sales to other state transportation departments [1].

In addition to the successful deployment, insiders at Parsons Corporation have been net buyers of the stock over the past 12 months. The largest purchase was $470k worth of shares by Independent Director Harry McMahon at $58.30 per share. While insiders own 0.9% of the company, worth $73m, there have been no recent insider transactions [3].

References:
[1] https://www.stocktitan.net/news/PSN/new-jersey-department-of-transportation-launches-statewide-advanced-kyq9rilllrd1.html
[2] https://www.marketscreener.com/news/new-jersey-department-of-transportation-launches-statewide-advanced-traffic-management-system-powere-ce7c51d3df8ff023
[3] https://www.marketbeat.com/instant-alerts/filing-2300000-shares-in-parsons-corporation-psn-purchased-by-groupama-asset-managment-2025-08-19/