Alison M. Petersen - Dec 6, 2022 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 6, 2022
Transactions value $
-$13,413
Form type
4
Date filed
12/8/2022, 04:20 PM
Previous filing
Dec 7, 2021
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IESC Common Stock Award $31K +863 +8% $35.96 11.6K Dec 6, 2022 Direct F1
transaction IESC Common Stock Tax liability -$44.4K -1.24K -10.61% $35.96 10.4K Dec 6, 2022 Direct F2
transaction IESC Common Stock Award $0 +2.21K +21.26% $0.00 12.6K Dec 6, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 4, 2019, Ms. Petersen was granted shares of performance based phantom stock units (the "Performance-Based Phantom Stock Units") pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated (the "2006 Equity Incentive Plan"). The Performance-Based Phantom Stock Units vested, if at all, upon the achievement of certain specified annual financial performance objectives and the continued performance of services through the scheduled vesting date. On December 6, 2022, upon the filing of the Issuer's Annual Report on Form 10-K for its fiscal year ended September 30, 2022, the performance and service criteria were determined to have been met, resulting in the vesting of 863 Performance-Based Phantom Stock Units under this award.
F2 Represents shares of Common Stock withheld to satisfy the tax obligation resulting from the vesting of the performance and time-based phantom stock units granted to Ms. Petersen on December 4, 2019 pursuant to the 2006 Equity Incentive Plan.
F3 On December 6, 2022, Ms. Petersen was granted 2,214 time-based Phantom Stock Units ("PSUs") pursuant to the 2006 Equity Incentive Plan. Each PSU represents a contractual right in respect of one share of the Issuer's Common Stock and will vest upon the continued performance of services through the scheduled vesting date. The PSUs are scheduled to vest on the earlier of (i) December 15, 2025 and (ii) the date that the Issuer files its Annual Report on Form 10-K for its fiscal year ending September 30, 2025.