Every Form 4 that Gulf Island Fabrication Inc (GIFI) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow GIFI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GIFI filings page.
Gulf Island Fabrication director Jay Troger reported the cash-out of his equity holdings due to the company’s merger into IES Holdings, Inc. On January 16, 2026, all 13,333 shares of common stock he previously held and 5,979 restricted stock units were disposed of in connection with the closing of the merger.
Under the Merger Agreement among IES Holdings, IES Merger Sub, LLC and Gulf Island Fabrication, IES Merger Sub merged with and into Gulf Island, which now survives as an indirect wholly owned subsidiary of IES. At the effective time, each share of Gulf Island common stock, including shares underlying time-based restricted stock units, converted into the right to receive $12.00 per share in cash, and Troger’s reported beneficial ownership in both common stock and restricted stock units decreased to zero.
Gulf Island Fabrication director reports exit tied to merger. Director Cheryl D. Richard reported the disposal of 25,458 shares of common stock and 5,979 restricted stock units of Gulf Island Fabrication Inc. on January 16, 2026. The activity occurred in connection with the merger of IES Merger Sub, LLC into Gulf Island under a previously signed Merger Agreement, after which Gulf Island became an indirect wholly owned subsidiary of IES Holdings, Inc. At the effective time of the merger, each share of common stock, including shares underlying the restricted stock units, converted into the right to receive $12.00 per share in cash, leaving the director with no remaining reported holdings.
Gulf Island Fabrication, Inc. director Michael J. Keeffe reported the cash-out of his equity holdings in connection with a merger. On January 16, 2026, an IES Holdings, Inc. subsidiary merged with Gulf Island, leaving Gulf Island as an indirect wholly owned subsidiary of IES. At the effective time of the merger, each share of Gulf Island common stock, including shares underlying outstanding time-based restricted stock units, converted into the right to receive $12.00 per share in cash. Keeffe reported the disposition of 36,422 shares of common stock and 5,979 restricted stock units, all held directly, with his reported beneficial ownership of both common stock and derivative securities decreasing to zero after the transaction.
Gulf Island Fabrication SVP, Commercial Matthew R. Oubre reported merger-related changes in his common stock holdings. On January 16, 2026, he acquired 7,473 shares of common stock at a stated price of $0.00 per share, bringing his direct holdings to 45,170 shares immediately after that transaction.
On the same date, those 45,170 common shares were reported as disposed of at a stated price of $0.00 per share, leaving him with 0 shares directly owned. According to the merger terms, all shares of Gulf Island common stock, including shares underlying time-based restricted stock units, were converted into the right to receive $12.00 per share in cash when IES Merger Sub, LLC merged with Gulf Island, which became an indirect wholly owned subsidiary of IES Holdings, Inc.
Gulf Island Fabrication SVP of Operations James L. Morvant reported stock transactions tied to the company’s merger with IES Holdings. On January 16, 2026, he acquired 7,473 shares of common stock at no cost, reflecting performance awards that were converted into time-based restricted stock units at the target level.
That same day, all 100,949 shares of Gulf Island common stock that he beneficially owned were disposed of in the merger, leaving him with zero shares afterward. In the merger, each share of Gulf Island common stock, including shares underlying time-based restricted stock units, converted into the right to receive $12.00 per share in cash.
Gulf Island Fabrication executive Westley S. Stockton, EVP, CFO and Secretary/Treasurer, reported share activity tied to the company’s merger with IES Holdings. On January 16, 2026, performance-based awards granted April 1, 2025 were converted into 23,301 time-based restricted stock units, increasing his direct beneficial holdings.
At the effective time of the merger, all 489,341 shares of Gulf Island common stock he beneficially owned, including shares underlying time-based restricted stock units, were disposed of in the transaction and converted into the right to receive $12.00 per share in cash. Following this cash-out, Stockton reported owning 0 shares of Gulf Island common stock.
Gulf Island Fabrication’s President & CEO and director Richard W. Heo reported merger-related changes in his common stock holdings. On January 16, 2026 he received 44,710 shares of common stock, linked in a footnote to performance awards granted April 1, 2025 that were converted into time-based restricted stock units at the target level. On the same date, his entire holding of 924,010 common shares was disposed of, leaving him with zero shares directly owned. A merger between an IES Holdings, Inc. subsidiary and Gulf Island closed on January 16, 2026, with Gulf Island surviving as an indirect wholly owned subsidiary of IES. At the effective time of the merger, each share of Gulf Island common stock, including shares underlying time-based restricted stock units, converted into the right to receive $12.00 per share in cash.
Gulf Island Fabrication director and 10% owner Robert M. Averick reported the conversion of his equity holdings due to the company’s merger with IES Holdings. On January 16, 2026, an IES subsidiary merged with Gulf Island, leaving Gulf Island as an indirect wholly owned subsidiary of IES. At the effective time of the merger, 31,333 shares of common stock and 5,979 restricted stock units held directly by Averick were disposed of, and all shares of the issuer’s common stock, including those underlying outstanding time-based RSUs, converted into the right to receive $12.00 per share in cash. Following these transactions, Averick reported beneficial ownership of zero Gulf Island shares.
Piton Capital Partners LLC, a 10% owner of Gulf Island Fabrication Inc., reported the disposition of 1,811,894 shares of common stock on January 16, 2026. After this transaction, Piton Capital Partners LLC reported beneficial ownership of zero shares.
The filing explains that this change resulted from a merger under a Merger Agreement dated November 7, 2025, among IES Holdings, Inc., IES Merger Sub, LLC, and Gulf Island Fabrication. IES Merger Sub, LLC merged with and into Gulf Island Fabrication, which survived as an indirect wholly owned subsidiary of IES Holdings. At the effective time of the merger, each share of Gulf Island common stock, including shares underlying outstanding time-based restricted stock units, converted into the right to receive $12.00 per share in cash.