Michael W. Metcalf - 07 Jun 2024 Form 4 Insider Report for POWELL INDUSTRIES INC (POWL)

Signature
Michael W. Metcalf
Issuer symbol
POWL
Transactions as of
07 Jun 2024
Net transactions value
-$913,644
Form type
4
Filing time
10 Jun 2024, 18:22:22 UTC
Previous filing
01 Dec 2023
Next filing
19 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POWL Common Stock Sale $93,516 -600 -1.4% $155.86 42,600 07 Jun 2024 Direct F1, F2, F3
transaction POWL Common Stock Sale $410,003 -2,607 -6.1% $157.27 39,993 07 Jun 2024 Direct F1, F3, F4
transaction POWL Common Stock Sale $355,568 -2,250 -5.6% $158.03 37,743 07 Jun 2024 Direct F3, F5
transaction POWL Common Stock Sale $54,558 -343 -0.91% $159.06 37,400 07 Jun 2024 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2024.
F2 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $155.40-156.05, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
F3 Includes shares that have a time-based vesting provision.
F4 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $156.77-157.77, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
F5 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $157.78-158.74, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
F6 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $158.96-159.25, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.