SCHEDULE 13D/A: Gary S. Winemaster Amends Stake in Power Solutions International, Discloses Share Gift and Sale
Beneficial Ownership Disclosure
Gary S. Winemaster, a significant shareholder of Power Solutions International, Inc., has updated his beneficial ownership to 9.5% following a substantial gift of shares to a trust and a minor open market sale.
Summary
- Gary S. Winemaster beneficially owns 2,184,790 shares of Power Solutions International, Inc. Common Stock.
- This represents 9.5% of the Issuer's Common Stock outstanding.
- The percentage is based on 23,007,894 shares of Common Stock outstanding as of March 17, 2025, as disclosed in the Issuer's Annual Report on Form 10-K filed with the SEC on March 24, 2025.
- On April 21, 2025, Mr. Winemaster made a gift of 760,172 shares of Common Stock to a grantor retained annuity trust, of which he is not the trustee.
- On April 11, 2025, Mr. Winemaster sold 2,000 shares of Common Stock at a price of $23.2739 per share in an open market transaction on the Nasdaq stock market.
Sentiment
Score: 5
Explanation: The filing details a reduction in direct beneficial ownership by a significant shareholder through a gift and a small sale. While this reduces direct insider alignment, the gift to a trust may be for estate planning and doesn't necessarily imply a negative view of the company. The overall impact on company operations or prospects is not directly indicated.
Positives
- The filing provides updated transparency regarding the beneficial ownership stake of a significant shareholder.
- The gift of shares to a grantor retained annuity trust may indicate strategic long-term estate planning by a key individual.
Negatives
- The reporting person's direct beneficial ownership in the company has decreased due to a significant gift of 760,172 shares and a sale of 2,000 shares.
- The gift of shares to a trust where the reporting person is not the trustee reduces direct control over those specific shares.
Risks
- The reduction in direct beneficial ownership by a significant shareholder, Gary S. Winemaster, could be perceived as a decrease in direct insider alignment, although the shares remain within a trust associated with him.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Gift of 760,172 shares of Common Stock to a grantor retained annuity trust, where the reporting person is not the trustee.
Stakeholder Impact
- Shareholders: The reduction in direct beneficial ownership by a significant shareholder could be viewed differently by investors; some may see it as a slight decrease in insider confidence, while others may view it as a personal estate planning matter with no bearing on company fundamentals.
- Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 2025-03-17 | Date as of which 23,007,894 shares of Common Stock were outstanding, as disclosed in the Issuer's Form 10-K. |
| 2025-03-24 | Date the Issuer's Annual Report on Form 10-K was filed with the SEC, disclosing shares outstanding. |
| 2025-04-11 | Date Gary S. Winemaster sold 2,000 shares of Common Stock in an open market transaction. |
| 2025-04-21 | Date Gary S. Winemaster made a gift of 760,172 shares of Common Stock to a grantor retained annuity trust, which is the event requiring this filing. |
| 2025-04-23 | Date the Schedule 13D Amendment No. 20 was signed and filed. |
Keywords
Power Solutions International, PSI, Gary S. Winemaster, Schedule 13D, beneficial ownership, common stock, shareholding, insider transaction, share gift, stock sale, SEC filing
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