Form 4: IES Holdings Executive Sells Shares to Cover Tax Obligations

Matthew J. Simmes, President and COO of IES Holdings, Inc., sold shares to cover tax obligations related to vesting phantom stock units.

Summary

• Matthew J. Simmes, the President and COO of IES Holdings, Inc., executed several transactions involving the company's common stock on December 3, 2024.
• Mr. Simmes sold 4,051 shares at $292.38 per share and 2,949 shares at $294.62 per share.
• Additionally, 9,837 shares were withheld to cover tax obligations related to the vesting of phantom stock units.
• Following these transactions, Mr. Simmes directly owns 105,504 shares of IES Holdings, Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects routine insider transactions for tax purposes, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive equity compensation. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are typical for executives managing their equity compensation and tax obligations.
• Similar filings are regularly made by executives at comparable companies such as MYR Group and EMCOR Group.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's confidence in the company.

Key Dates

Keywords

IES Holdings, IESC, Matthew J. Simmes, stock sale, insider trading, Form 4, phantom stock, tax obligations