IESC Form 4: CEO PSU vesting adds to direct stock ownership

Q: What insider transaction did IES Holdings (IESC) report on this Form 4?

The filing reports the vesting of 14,172 performance-based PSUs for the President and CEO of IES Holdings, Inc., resulting in common stock being issued.

Q: When did the IES Holdings (IESC) CEO’s performance-based PSUs vest?

The performance-based PSUs vested on November 21, 2025 , after the company determined that performance and service conditions were met for the fiscal year ended September 30, 2025.

Q: How many IES Holdings (IESC) shares were acquired and at what price?

Upon vesting, 14,172 shares of IES Holdings common stock were acquired, with a reported transaction price of $371.19 per share.

Q: Why were 7,900 IES Holdings (IESC) shares disposed of in this Form 4?

The 7,900 shares reported as disposed of were withheld to satisfy tax obligations arising from the vesting of the time- and performance-based PSUs granted on December 6, 2022.

Q: What equity plan governed the CEO’s PSUs at IES Holdings (IESC)?

The PSUs were granted under the IES Holdings, Inc. 2006 Equity Incentive Plan , as amended and restated, which provided for performance-based phantom stock units.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

IES Holdings, Inc. (IESC) reported a Form 4 for its President and CEO, who serves as an officer of the company. On November 21, 2025, 14,172 performance-based phantom stock units (PSUs) granted on December 6, 2022 under the company’s 2006 Equity Incentive Plan vested after the company met specified annual financial performance objectives and service conditions tied to the fiscal year ended September 30, 2025.

Each PSU represented one share of common stock, so the vesting resulted in 14,172 shares acquired at a reported price of $371.19. On the same date, 7,900 shares were withheld at $371.19 to cover tax obligations related to the vesting of time- and performance-based PSUs. Following these transactions, the reporting person directly beneficially owned 107,776 shares of IES Holdings common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Simmes Matthew J

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14,172	$371.19	$5.26M
Tax Withholding	Common Stock	7,900	$371.19	$2.93M

Holdings After Transaction: Common Stock — 115,676 shares (Direct)

Footnotes (1)

On December 6, 2022, Mr. Simmes was granted performance-based phantom stock units ("PSUs") pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated (the "2006 Equity Incentive Plan"). Each PSU represented a contractual right in respect of one share of the Issuer's Common Stock and would vest, if at all, upon the achievement of certain specified annual financial performance objectives and the continued performance of services through the scheduled vesting date. On November 21, 2025, upon the filing of the Issuer's Annual Report on Form 10-K for its fiscal year ended September 30, 2025, the performance and service criteria were determined to have been met, resulting in the vesting of 14,172 performance-based PSUs under this award. Represents shares of Common Stock withheld to satisfy the tax obligation resulting from the vesting of the time- and performance-based PSUs granted to Mr. Simmes on December 6, 2022 pursuant to the 2006 Equity Incentive Plan.

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Form 4 Insider Transactions: What Each Field Means →

11/25/2025 - 05:04 PM

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Simmes Matthew J

(Last)

(First)

(Middle)

13131 DAIRY ASHFORD ROAD

SUITE 500

(Street)

SUGAR LAND

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/21/2025		A		14,172⁽¹⁾	A	$371.19	115,676	D
Common Stock	11/21/2025		F		7,900⁽²⁾	D	$371.19	107,776	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On December 6, 2022, Mr. Simmes was granted performance-based phantom stock units ("PSUs") pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated (the "2006 Equity Incentive Plan"). Each PSU represented a contractual right in respect of one share of the Issuer's Common Stock and would vest, if at all, upon the achievement of certain specified annual financial performance objectives and the continued performance of services through the scheduled vesting date. On November 21, 2025, upon the filing of the Issuer's Annual Report on Form 10-K for its fiscal year ended September 30, 2025, the performance and service criteria were determined to have been met, resulting in the vesting of 14,172 performance-based PSUs under this award.

2. Represents shares of Common Stock withheld to satisfy the tax obligation resulting from the vesting of the time- and performance-based PSUs granted to Mr. Simmes on December 6, 2022 pursuant to the 2006 Equity Incentive Plan.

Remarks:

	/s/ Mary K. Newman, Attorney-in-Fact	11/25/2025
	** 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 insider transaction did IES Holdings (IESC) report on this Form 4?

The filing reports the vesting of 14,172 performance-based PSUs for the President and CEO of IES Holdings, Inc., resulting in common stock being issued.

When did the IES Holdings (IESC) CEO’s performance-based PSUs vest?

The performance-based PSUs vested on November 21, 2025, after the company determined that performance and service conditions were met for the fiscal year ended September 30, 2025.

How many IES Holdings (IESC) shares were acquired and at what price?

Upon vesting, 14,172 shares of IES Holdings common stock were acquired, with a reported transaction price of $371.19 per share.

Why were 7,900 IES Holdings (IESC) shares disposed of in this Form 4?

The 7,900 shares reported as disposed of were withheld to satisfy tax obligations arising from the vesting of the time- and performance-based PSUs granted on December 6, 2022.

How many IES Holdings (IESC) shares does the CEO own after these transactions?

After the reported PSU vesting and tax withholding transactions, the reporting person directly beneficially owned 107,776 shares of IES Holdings common stock.

What equity plan governed the CEO’s PSUs at IES Holdings (IESC)?

The PSUs were granted under the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, which provided for performance-based phantom stock units.