Tracy McLauchlin - Dec 3, 2021 Form 4 Insider Report for IES Holdings, Inc. (IESC)

Signature
/s/ Tracy A. McLauchlin
Stock symbol
IESC
Transactions as of
Dec 3, 2021
Transactions value $
$704,899
Form type
4
Date filed
12/7/2021, 04:18 PM
Next filing
Dec 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IESC Common Stock Award $1.16M +24K +39.25% $48.51 85K Dec 3, 2021 Direct F1
transaction IESC Common Stock Tax liability -$457K -9.43K -11.09% $48.51 75.6K Dec 3, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 6, 2019, Ms. McLauchlin was granted 41,667 performance units (the "Performance Units") pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated (the "2006 Equity Incentive Plan"). Each Performance Unit represented a contractual right in respect of one share of the Issuer's common stock. The Performance Units vested, if at all, in three tranches upon the achievement of certain specified annual financial performance objectives and the continued performance of services through the applicable scheduled vesting date. On December 3, 2021, upon the filing of the Company's Annual Report on Form 10-K for its fiscal year ended September 30, 2021, the performance and service criteria for the third tranche of Performance Units was determined to have been fully met, resulting investing of 23,958 Performance Units under this award.
F2 Represents shares of Common Stock withheld to satisfy the withholding tax obligation resulting from the vesting of the third tranche of the Performance Units delivered pursuant to the 2006 Equity Incentive Plan.