BRETT ALAN COPE - 14 Jun 2024 Form 4 Insider Report for POWELL INDUSTRIES INC (POWL)

Signature
Michael W. Metcalf, Power of Attorney for Brett A. Cope
Issuer symbol
POWL
Transactions as of
14 Jun 2024
Net transactions value
-$457,951
Form type
4
Filing time
18 Jun 2024, 16:44:45 UTC
Previous filing
01 Dec 2023
Next filing
12 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POWL Common Stock Sale $182,850 -1,110 -0.72% $164.73 153,127 14 Jun 2024 Direct F1, F2, F3
transaction POWL Common Stock Sale $121,205 -732 -0.48% $165.58 152,395 14 Jun 2024 Direct F1, F3, F4
transaction POWL Common Stock Sale $17,952 -108 -0.07% $166.22 152,287 14 Jun 2024 Direct F1, F3, F5
transaction POWL Common Stock Sale $67,084 -400 -0.26% $167.71 151,887 14 Jun 2024 Direct F1, F3, F6
transaction POWL Common Stock Sale $51,570 -300 -0.2% $171.90 151,587 14 Jun 2024 Direct F1, F3, F7
transaction POWL Common Stock Sale $17,290 -100 -0.07% $172.90 151,487 14 Jun 2024 Direct F1, F3
* 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 26, 2024.
F2 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $163.98-164.98, 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 $165.00-166.00, 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 $166.21-166.22, 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 $167.40-168.01, 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.
F7 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $171.71-172.00, 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.