Brett A. Cope - 12 Jul 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
12 Jul 2024
Net transactions value
-$391,366
Form type
4
Filing time
12 Jul 2024, 17:28:06 UTC
Previous filing
18 Jun 2024
Next filing
09 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POWL Common Stock Sale $77,632 -554 -0.37% $140.13 150,933 12 Jul 2024 Direct F1, F2, F3
transaction POWL Common Stock Sale $55,589 -394 -0.26% $141.09 150,539 12 Jul 2024 Direct F1, F2, F4
transaction POWL Common Stock Sale $176,223 -1,237 -0.82% $142.46 149,302 12 Jul 2024 Direct F1, F2, F5
transaction POWL Common Stock Sale $37,626 -262 -0.18% $143.61 149,040 12 Jul 2024 Direct F1, F2, F6
transaction POWL Common Stock Sale $44,296 -303 -0.2% $146.19 148,737 12 Jul 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.