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IESC Form 4: 64 PSUs Granted to Director; 40,000 Trust Shares Disclosed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

IES Holdings director David B. Gendell reported transactions on 10/01/2025 showing an acquisition of 64 Phantom Stock Units (PSUs) under the company's 2006 Equity Incentive Plan in lieu of part of his retainer. The Form 4 shows total beneficial ownership of 88,536 shares following the reported transaction, including 40,000 shares held indirectly in a family trust and 6,000 shares held indirectly in an IRA. The PSUs convert to one share each upon Mr. Gendell leaving the board or upon a defined change of control.

Positive

  • 64 PSUs granted as compensation election under the 2006 Equity Incentive Plan
  • 88,536 total shares beneficially owned after the transaction, indicating continued insider alignment
  • 40,000 shares held in a family trust and 6,000 shares held in an IRA (indirect holdings disclosed)

Negative

  • None.
Insider Gendell David B.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 64 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 88,536 shares (Direct); Common Stock — 40,000 shares (Indirect, Held in Family Trust)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Gendell David B.
(Last) (First) (Middle)
13131 DAIRY ASHFORD ROAD
SUITE 500
(Street)
SUGAR LAND TX 77478
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IES Holdings, Inc. [ IESC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 10/01/2025 A 64 A $0 88,536 D
Common Stock 40,000 I Held in Family Trust
Common Stock 6,000 I Held in IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents Phantom Stock Units ("PSUs") granted pursuant to the IES Holdings, Inc. ("IES") 2006 Equity Incentive Plan, as amended and restated (the "2006 Equity Incentive Plan") upon Mr. Gendell electing to receive PSUs in lieu of common stock or cash for that portion of his retainer. Each unit converts to one share of IES common stock when either (i) Mr. Gendell leaves the board of directors for any reason, or (ii) upon a change of control as defined in the 2006 Equity Incentive Plan.
Remarks:
/s/ Mary K. Newman, Attorney-in-Fact 10/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did IESC director David B. Gendell report on Form 4?

He reported acquiring 64 Phantom Stock Units (PSUs) on 10/01/2025 and declared total beneficial ownership of 88,536 shares.

What are the conditions for the PSUs to convert to common stock?

Each PSU converts to one share when Mr. Gendell either leaves the board for any reason or upon a change of control as defined in the 2006 Equity Incentive Plan.

How much of Mr. Gendell's holding is indirect?

The filing discloses 40,000 shares held indirectly in a family trust and 6,000 shares held indirectly in an IRA.

When was the Form 4 signed and filed?

The form bears the signature by attorney-in-fact Mary K. Newman dated 10/03/2025.

Do the PSUs carry a cash price in the transaction?

The reported transaction shows a price of $0 for the acquired PSUs, reflecting an in‑kind compensation election.