Form 4: IES Holdings Director Acquires Phantom Stock Units

Director Todd M. Cleveland acquired 223 phantom stock units of IES Holdings, Inc. on April 1, 2024, electing to receive them in lieu of common stock or cash for a portion of his retainer.

Summary

• On April 1, 2024, Todd M. Cleveland, a director of IES Holdings, Inc., acquired 223 phantom stock units.
• The acquisition was made under the IES Holdings, Inc. 2006 Equity Incentive Plan.
• Mr. Cleveland elected to receive these units in lieu of common stock or cash for a portion of his retainer.
• Each phantom stock 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 2006 Equity Incentive Plan.
• Following the transaction, Mr. Cleveland beneficially owns 114,459 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating continued alignment between a director and the company, but it doesn't contain any groundbreaking news.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.

Future Outlook

The document does not contain specific forward-looking statements, but the acquisition of phantom stock units suggests continued alignment between the director and the company's long-term performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's participation in the company's equity incentive plan.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's continued investment in the company.

Key Dates