Form 4: IES Holdings Director Acquires Phantom Stock Units

Director Todd M. Cleveland acquired 135 phantom stock units of IES Holdings, Inc. on January 2, 2025, as part of the company's equity incentive plan.

Summary

• Todd M. Cleveland, a director of IES Holdings, Inc., acquired 135 phantom stock units on January 2, 2025.
• The acquisition was made under the IES Holdings, Inc. 2006 Equity Incentive Plan.
• These phantom stock units were received in lieu of common stock or cash for a portion of his retainer.
• Each unit converts to one share of IES common stock upon Mr. Cleveland's departure from the board or a change of control as defined in the plan.
• Following the transaction, Mr. Cleveland beneficially owns 103,925 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally. The acquisition of phantom stock units can be seen as a positive sign of alignment between management and shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The equity incentive plan encourages long-term commitment from board members.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates