Brett A. Cope - 13 Sep 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
13 Sep 2024
Net transactions value
-$467,524
Form type
4
Filing time
17 Sep 2024, 16:19:14 UTC
Previous filing
09 Aug 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 $90,302 -537 -0.37% $168.16 145,450 13 Sep 2024 Direct F1, F2, F3
transaction POWL Common Stock Sale $114,588 -675 -0.46% $169.76 144,775 13 Sep 2024 Direct F1, F3, F4
transaction POWL Common Stock Sale $183,383 -1,076 -0.74% $170.43 143,699 13 Sep 2024 Direct F1, F3, F5
transaction POWL Common Stock Sale $79,251 -462 -0.32% $171.54 143,237 13 Sep 2024 Direct F1, 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 26, 2024.
F2 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $167.76-168.71, 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 $169.01-169.99, 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 $170.05-171.01, 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.
F6 The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $171.19-171.91, 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.