| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IESC | Common Stock, par value $0.01 per share | Sale | -$678K | -8.29K | -0.07% | $81.77 | 11.6M | Dec 12, 2023 | See Footnotes | F1, F2, F3, F4, F5, F6, F7 |
| transaction | IESC | Common Stock, par value $0.01 per share | Sale | -$402K | -4.86K | -0.04% | $82.64 | 11.6M | Dec 12, 2023 | See Footnotes | F1, F3, F4, F5, F6, F7, F8 |
| transaction | IESC | Common Stock, par value $0.01 per share | Sale | -$52.1K | -624 | -0.01% | $83.49 | 11.6M | Dec 12, 2023 | See Footnotes | F1, F3, F4, F5, F6, F7, F9 |
| transaction | IESC | Common Stock, par value $0.01 per share | Sale | -$191K | -2.3K | -0.02% | $82.97 | 11.6M | Dec 13, 2023 | See Footnotes | F1, F3, F4, F5, F6, F7, F10 |
| transaction | IESC | Common Stock, par value $0.01 per share | Sale | -$801K | -9.53K | -0.08% | $84.00 | 11.6M | Dec 13, 2023 | See Footnotes | F1, F3, F4, F5, F6, F7, F11 |
| transaction | IESC | Common Stock, par value $0.01 per share | Sale | -$155K | -1.83K | -0.02% | $84.77 | 11.6M | Dec 13, 2023 | See Footnotes | F1, F3, F4, F5, F6, F7, F12 |
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).
| Id | Content |
|---|---|
| F1 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by TCP 2 (as defined herein) on August 31, 2023. |
| F2 | On December 12, 2023, TCP 2 sold 8,286 shares of Common Stock at a weighted average price of $81.77 per share. These shares were sold in multiple transactions at prices ranging from $81.33 to $82.31, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F3 | This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Capital Overseas Master Fund II, L.P., a Delaware limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM; (c) TAA, the general partner of TCP 2; (d) TA; and (e) TCO. |
| F4 | TCP directly owns 5,642,723 shares of Common Stock, TCM directly owns 1,910,529 shares of Common Stock, TM directly owns 1,410,162 shares of Common Stock, TCP 2 directly owns 1,633,071 shares of Common Stock, TAA directly owns 96,891 shares of Common Stock, TA directly owns 642,057 shares of Common Stock, TCO directly owns 47,284 shares of Common Stock, Mr. Gendell directly owns 136,392 shares of Common Stock and 71,528 phantom stock units granted to him pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, and Mr. Gendell's adult children own 3,363 shares of Common Stock through trusts for which Mr. Gendell acts as trustee. |
| F5 | All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA. |
| F6 | Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TM, TCP 2, TAA, TA and TCO. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP. |
| F7 | TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA. TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM. TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO. |
| F8 | Also on December 12, 2023, TCP 2 sold 4,864 shares of Common Stock at a weighted average price of $82.64 per share. These shares were sold in multiple transactions at prices ranging from $82.40 to $83.06, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F9 | Also on December 12, 2023, TCP 2 sold 624 shares of Common Stock at a weighted average price of $83.49 per share. These shares were sold in multiple transactions at prices ranging from $83.49 to $83.53, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F10 | On December 13, 2023, TCP 2 sold 2,298 shares of Common Stock at a weighted average price of $82.97 per share. These shares were sold in multiple transactions at prices ranging from $82.49 to $83.42, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F11 | Also on December 13, 2023, TCP 2 sold 9,531 shares of Common Stock at a weighted average price of $84.00 per share. These shares were sold in multiple transactions at prices ranging from $83.54 to $84.53, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F12 | Also on December 13, 2023, TCP 2 sold 1,832 shares of Common Stock at a weighted average price of $84.77 per share. These shares were sold in multiple transactions at prices ranging from $84.54 to $85.11, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |