Form 4: IES Holdings Director Acquires Phantom Stock Units

Joe D. Koshkin, a Director at IES Holdings, Inc., acquired 39 Phantom Stock Units on July 1, 2026, as part of his compensation plan.

Summary

• Director Joe D. Koshkin acquired 39 Phantom Stock Units (PSUs) on July 1, 2026.
• These PSUs were received in lieu of cash or common stock for a portion of his retainer.
• Each PSU converts into one share of IES common stock upon Mr. Koshkin's departure from the board or a change of control.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation transaction for a director rather than a significant financial event or strategic shift.

Positives

• Director compensation structure includes equity incentives, aligning management with shareholder interests.
• The acquisition of PSUs indicates continued engagement and commitment from a board member.

Risks

• The value of the PSUs is subject to fluctuations in the stock price of IES Holdings, Inc.
• Conversion of PSUs is contingent on future events such as departure from the board or a change of control.

Future Outlook

The future outlook for the acquired Phantom Stock Units depends on the occurrence of specific events: Mr. Koshkin's departure from the board or a change of control of IES Holdings, Inc. The value realized will be tied to the common stock price at the time of conversion.

Industry Context

StockSavvy.ai notes that the use of Phantom Stock Units (PSUs) is a common practice in the technology and industrial sectors for executive and director compensation, aiming to retain talent and align incentives with long-term company performance.

Related Party Transactions

• Acquisition of 39 Phantom Stock Units by Director Joe D. Koshkin in lieu of cash or common stock for his retainer.

Stakeholder Impact

• Shareholders: The conversion of PSUs will result in the issuance of new shares, potentially diluting existing ownership, depending on the number of PSUs converted and the company's share structure at that time.
• Management/Directors: The PSUs represent a form of compensation and incentive for continued service and alignment with company performance.

Next Steps

• Conversion of Phantom Stock Units to common stock upon the occurrence of specified events (departure from board or change of control).

Key Dates

Keywords

IES Holdings, IESC, Form 4, SEC Filing, Director Compensation, Phantom Stock Units, Equity Incentive Plan, Beneficial Ownership