Form 4: Powell Industries VP William Marshall Mauney Jr. Reports Stock Disposal
SEC Form 4 Filing
William Marshall Mauney Jr., Vice President of R&D at Powell Industries, reported the disposal of 770 shares of common stock on September 6, 2024, to cover tax obligations related to vesting shares.
Summary
- On September 6, 2024, William Marshall Mauney Jr., Vice President of R&D at Powell Industries, disposed of 770 shares of common stock.
- The transaction was executed to satisfy tax obligations related to the vesting of shares.
- Following the transaction, Mauney directly owns 6,420 shares of Powell Industries common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction. It's neither particularly positive nor negative for the company's outlook.
Industry Context
This is a routine disclosure of insider transactions, which are common and regulated to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of stock disposal transaction. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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