Brett A. Cope - Jul 12, 2024 Form 4 Insider Report for POWELL INDUSTRIES INC (POWL)

Signature
Michael W. Metcalf, Power of Attorney for Brett A. Cope
Stock symbol
POWL
Transactions as of
Jul 12, 2024
Transactions value $
-$391,366
Form type
4
Date filed
7/12/2024, 05:28 PM
Previous filing
Jun 18, 2024
Next filing
Aug 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POWL Common Stock Sale -$77.6K -554 -0.37% $140.13 151K Jul 12, 2024 Direct F1, F2, F3
transaction POWL Common Stock Sale -$55.6K -394 -0.26% $141.09 151K Jul 12, 2024 Direct F1, F2, F4
transaction POWL Common Stock Sale -$176K -1.24K -0.82% $142.46 149K Jul 12, 2024 Direct F1, F2, F5
transaction POWL Common Stock Sale -$37.6K -262 -0.18% $143.61 149K Jul 12, 2024 Direct F1, F2, F6
transaction POWL Common Stock Sale -$44.3K -303 -0.2% $146.19 149K Jul 12, 2024 Direct F1, F2, F7
* 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 Includes shares that have a time-based vesting provision.
F3 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $139.80-140.47, 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.
F4 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $140.95-141.50, 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 $142.00-142.94, 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 $143.30-143.72, 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 $146.04-146.49, 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.