Form 4: Powell Industries VP Acquires Shares and Disposes of Shares for Tax Obligations
SEC Form 4 Filing
William Marshall Mauney Jr., Vice President of R&D at Powell Industries, reports acquiring 400 shares and disposing of 433 shares to cover tax obligations.
Summary
- On September 30, 2024, William Marshall Mauney Jr., Vice President of R&D at Powell Industries, disposed of 433 shares of common stock at a price of $221.11 to satisfy tax obligations.
- Following this transaction, Mr. Mauney directly owned 5,987 shares.
- On October 1, 2024, Mr. Mauney acquired 400 shares at a price of $182.14.
- Following this transaction, Mr. Mauney directly owned 6,387 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. These transactions can be influenced by factors such as stock vesting schedules, tax planning, and personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Disposal of 433 shares of common stock at $221.11 per share. |
| 10/01/2024 | Acquisition of 400 shares of common stock at $182.14 per share. |
| 10/01/2024 | Date of signature by Michael W. Metcalf, Power of Attorney for William Marshall Mauney, Jr. |
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