Form 4: Powell Industries VP of R&D Sells Shares
SEC Form 4 Filing
William Marshall Mauney Jr., Vice President of R&D at Powell Industries, sold 150 shares of common stock at a price of $163.76 on August 15, 2024.
Summary
- On August 15, 2024, William Marshall Mauney Jr., the Vice President of R&D at Powell Industries, sold 150 shares of the company's common stock.
- The transaction occurred at a price of $163.76 per share.
- Following the transaction, Mauney directly owns 7,190 shares of Powell Industries common stock, which includes shares with time-based vesting provisions.
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 the sale of shares by a company insider.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency when company insiders trade their company's stock. It is difficult to determine the context of the sale without knowing the executive's overall financial situation and investment strategy.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some investors, although the sale of 150 shares is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock sale transaction |
| 08/19/2024 | Date of Form 4 filing |
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