Form 4: IES Holdings CEO Vests $5.2M in Performance Stock

IES Holdings CEO Matthew J. Simmes vested 14,172 performance-based stock units, valued at $5.26 million, and sold 7,900 shares to cover tax liabilities.

Summary

• Matthew J. Simmes, President and CEO of IES Holdings, Inc. (IESC), acquired 14,172 shares of Common Stock on November 21, 2025, through the vesting of performance-based phantom stock units (PSUs).
• These PSUs were granted on December 6, 2022, under the 2006 Equity Incentive Plan.
• The vesting occurred because specified annual financial performance objectives and continued service criteria were met, as determined upon the filing of the Issuer's Annual Report on Form 10-K for its fiscal year ended September 30, 2025.
• The value of the vested shares was $371.19 per share, totaling approximately $5,261,990.28.
• Concurrently, 7,900 shares of Common Stock, valued at $371.19 per share (approximately $2,934,401), were disposed of to satisfy tax obligations resulting from the vesting.
• Following these transactions, Mr. Simmes beneficially owns 107,776 shares of Common Stock directly.

Sentiment

Score: 7

Explanation: The vesting of performance-based equity awards is a positive indicator, suggesting the company met its financial performance objectives. The subsequent sale for tax purposes is a routine event.

Positives

• The vesting of 14,172 performance-based phantom stock units indicates that IES Holdings met its specified annual financial performance objectives.
• The continued service of the President and CEO, Matthew J. Simmes, through the scheduled vesting date is a positive for leadership stability.

Negatives

• 7,900 shares of Common Stock were withheld to satisfy tax obligations, reducing the direct beneficial ownership of the CEO by that amount.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance.

Industry Context

This transaction is a routine executive compensation event, common across industries, where performance-based equity awards vest upon the achievement of pre-defined company and individual performance metrics. It reflects the standard practice of aligning executive incentives with shareholder value creation.

Stakeholder Impact

• Shareholders: The vesting of performance-based units suggests that the company met its financial targets, which is generally positive for shareholder confidence.
• Employees: The successful vesting of executive equity awards can signal strong company performance and leadership stability.

Key Dates

Keywords

IES Holdings, IESC, Matthew J. Simmes, Form 4, Insider Transaction, Stock Vesting, CEO Compensation, Phantom Stock Units, Equity Incentive Plan