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

Neil Gagnon, a director of Power Solutions International, reported the purchase of 25,069 shares of common stock at an average price of $1.9493 on February 29, 2024.

Summary

• On February 29, 2024, Neil Gagnon, a director of Power Solutions International, purchased 25,069 shares of the company's common stock.
• The shares were bought at a price of $1.9493 per share.
• Following the transaction, Gagnon directly owns 487,173 shares.
• Gagnon also indirectly owns shares through various entities, including Gagnon Investment Associates (686,600 shares), Gagnon Securities LLC Profit Sharing Plan (22,342 shares), a Family Partnership (113,880 shares), and Darwin Partnership (70,180 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Management Comments

• Neil Gagnon serves as the Chief Executive Officer of Gagnon Advisors, LLC and is the managing member and principal owner of Gagnon Securities LLC, each of which provides investment management services to investment vehicles and managed accounts, and, as such, has investment discretion with respect to the Accounts.
• Mr. 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 into the transactions of company insiders. This filing indicates a director's recent purchase of company stock, which is a common occurrence.

Stakeholder Impact

• The stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates