Form 4: Powell Industries Director Christopher E. Cragg Reports Disposition of Common Stock

Director Christopher E. Cragg reported a disposition of 225 shares of Powell Industries Inc. common stock on September 24, 2024.

Summary

• On September 24, 2024, Christopher E. Cragg, a director of Powell Industries Inc., disposed of 225 shares of common stock.
• The transaction was a disposition (D) of shares, with the price listed as $0.
• Following the transaction, Mr. Cragg beneficially owns 12,135 shares of Powell Industries Inc. common stock.
• The filing indicates that Mr. Cragg has a direct ownership (D) of the shares.
• The filing was signed on September 26, 2024, by Michael W. Metcalf under Power of Attorney for Christopher E. Cragg.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports a stock disposition.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The disposition of shares by a director may be of interest to shareholders, as insider transactions can sometimes influence investor sentiment.

Key Dates