Alison M. Petersen - Dec 3, 2021 Form 4 Insider Report for IES Holdings, Inc. (IESC)

Role: VP & Chief Accounting Officer
Signature: /s/ Mary K. Newman, Attorney-in-Fact
Stock symbol: IESC
Transactions as of: Dec 3, 2021
Transactions value $: $144,749
Form type: 4
Date filed: 12/7/2021, 04:21 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	$291K	+6K	+76.9%	$48.51	13.8K	Dec 3, 2021	Direct	F1
transaction	IESC	Common Stock	Tax liability	-$146K	-3.02K	-21.85%	$48.51	10.8K	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. Petersen was granted 10,000 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 5,999.9 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 time-based and performance-based Phantom Stock Units granted to Ms. Petersen on February 6, 2019, pursuant to the 2006 Equity Incentive Plan.

Content

On February 6, 2019, Ms. Petersen was granted 10,000 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 5,999.9 Performance Units under this award.

Represents shares of Common Stock withheld to satisfy the withholding tax obligation resulting from the vesting of the third tranche of the time-based and performance-based Phantom Stock Units granted to Ms. Petersen on February 6, 2019, pursuant to the 2006 Equity Incentive Plan.