Michael W. Metcalf - 16 Aug 2024 Form 4 Insider Report for POWELL INDUSTRIES INC (POWL)

Signature
Michael W. Metcalf
Issuer symbol
POWL
Transactions as of
16 Aug 2024
Net transactions value
-$711,853
Form type
4
Filing time
19 Aug 2024, 16:35:13 UTC
Previous filing
10 Jun 2024
Next filing
02 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POWL Common Stock Sale $65,304 -400 -1.1% $163.26 37,000 16 Aug 2024 Direct F1, F2, F3
transaction POWL Common Stock Sale $296,679 -1,801 -4.9% $164.73 35,199 16 Aug 2024 Direct F1, F3, F4
transaction POWL Common Stock Sale $49,256 -298 -0.85% $165.29 34,901 16 Aug 2024 Direct F1, F3, F5
transaction POWL Common Stock Sale $268,532 -1,610 -4.6% $166.79 33,291 16 Aug 2024 Direct F1, F3, F6
transaction POWL Common Stock Sale $32,082 -191 -0.57% $167.97 33,100 16 Aug 2024 Direct F1, F3, 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 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $163.19-163.34, 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 $164.22-165.18, 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 $165.30-165.61, 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 $166.55-167.53, 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 $167.69-168.46, 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.