Form 4: Powell Industries Executive Vice President Michael Metcalf Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Executive Vice President Michael Metcalf of Powell Industries sold shares of common stock on August 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Michael Metcalf, Executive Vice President of Powell Industries, sold shares of the company's common stock on August 16, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on February 26, 2024.
- A total of 4,299 shares were sold in multiple transactions at prices ranging from $163.26 to $167.97.
- Following the reported transactions, Metcalf beneficially owns 33,100 shares of Powell Industries common stock.
- The sales were conducted in multiple transactions at varying prices within specified ranges, and detailed price information is available upon request.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company executives.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 2024-02-26 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-08-16 | Date of stock sale transactions |
| 2024-08-19 | Date of Form 4 filing |
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