Form 4: Powell Industries Director Thomas W. Powell Reports Stock Sale
SEC Form 4
Thomas W. Powell, a director at Powell Industries, reported the sale of 500 shares of common stock at a price of $178.5011 on February 29, 2024.
Summary
- On February 29, 2024, Thomas W. Powell, a director at Powell Industries, sold 500 shares of common stock.
- The sale price was $178.5011 per share.
- Following the transaction, Powell directly owns 711,149 shares of common stock.
- Powell also indirectly owns 4,000 shares through his spouse, Kimberly R. Powell, and 1,688,628 shares held in TWP Holdings.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a stock sale by a company director. The size of the sale is not significant relative to their total holdings.
Industry Context
This is a routine disclosure of an insider transaction. It's important to monitor such filings to understand the sentiment of company insiders regarding the stock's prospects.
Stakeholder Impact
- The impact on stakeholders is likely minimal, as this is a relatively small transaction by a director.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock sale transaction |
| 03/01/2024 | Date of Form 4 signature |
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