Form 4: Neil Gagnon Reports Acquisition of Power Solutions International Shares

Neil Gagnon, a director and 10% owner of Power Solutions International, reports acquiring 1,321 shares of common stock at $2 per share on March 22, 2024.

Summary

• On March 26, 2024, Neil Gagnon filed a Form 4 with the SEC reporting a transaction in Power Solutions International, Inc. (PSIX) stock.
• The reported transaction occurred on March 22, 2024, where Gagnon acquired 1,321 shares of common stock at a price of $2 per share.
• Following the transaction, Gagnon directly owns 487,173 shares and indirectly owns 806,532 shares through various entities.
• The indirect ownership includes 700,130 shares held by Gagnon Investment Associates, 22,342 shares held by Gagnon Securities LLC Profit Sharing Plan, 113,880 shares held by a Family Partnership, and 70,180 shares held by Darwin Partnership.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard SEC filing reporting a transaction. The acquisition could be seen as slightly positive, but without further context, it's difficult to gauge the overall impact.

Positives

• The acquisition of shares by a director and significant shareholder could be interpreted as a positive signal about the company's prospects.

Management Comments

• Neil Gagnon's interest in the securities reported herein is limited to the extent of his pecuniary interest in each of the Accounts, if any.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in Neil Gagnon's ownership of Power Solutions International shares.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates