IES Holdings (IESC) chair Jeffrey Gendell sells 54K shares around $693
Rhea-AI Filing Summary
IES Holdings Executive Chairman Jeffrey L. Gendell reported open-market sales totaling 54,361 shares of IES Holdings common stock on May 13–14. The sales were executed at weighted average prices reported around $683.09 to $698.03 per share, with each line item representing multiple trades within narrow price ranges.
The transactions are reported jointly with several Tontine-affiliated investment entities, but a footnote states that all shares sold were directly held by Mr. Gendell. Following the transactions, the reporting group shows total holdings of 10,525,005 shares of common stock across Mr. Gendell and related entities, indicating they continue to hold a substantial position in IES Holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 54,361 shares
Net Sell
7 txns
Insider
GENDELL JEFFREY L ET AL, TONTINE ASSET ASSOCIATES, L.L.C., TONTINE CAPITAL MANAGEMENT LLC, TONTINE CAPITAL OVERSEAS MASTER FUND II, L.P., TONTINE CAPITAL PARTNERS L P, TONTINE MANAGEMENT LLC, Tontine Associates, LLC, Tontine Capital Overseas GP, LLC
Role
Executive Chairman | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
54,361 shs ($37.71M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 2,000 | $683.09 | $1.37M |
| Sale | Common Stock, par value $0.01 per share | 8,767 | $692.90 | $6.07M |
| Sale | Common Stock, par value $0.01 per share | 15,846 | $693.89 | $11.00M |
| Sale | Common Stock, par value $0.01 per share | 4,154 | $694.82 | $2.89M |
| Sale | Common Stock, par value $0.01 per share | 8,189 | $697.47 | $5.71M |
| Sale | Common Stock, par value $0.01 per share | 405 | $698.03 | $283K |
| Sale | Common Stock, par value $0.01 per share | 15,000 | $692.71 | $10.39M |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 10,485,644 shares (Indirect, See footnotes)
Footnotes (11)
- F1. All shares reported as sold in this Form 4 were shares directly held by Jeffrey L. Gendell ("Mr. Gendell"). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $692.27 to $693.17, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Capital Overseas Master Fund II, L.P., a Delaware limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), and Mr. Gendell. Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM; (c) TAA, the general partner of TCP 2; (d) TA; and (e) TCO.
- F3. TCP directly owns 5,524,391 shares of Common Stock, TCM directly owns 1,910,529 shares of Common Stock, TM directly owns 1,410,162 shares of Common Stock, TCP 2 directly owns 710,934 shares of Common Stock, TAA directly owns 96,891 shares of Common Stock, TA directly owns 640,057 shares of Common Stock, TCO directly owns 47,284 shares of Common Stock, Mr. Gendell directly owns 76,964 shares of Common Stock and 65,069 phantom stock units granted to him pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, and Mr. Gendell's adult children own 3,363 shares of Common Stock through trusts for which Mr. Gendell acts as trustee.
- F4. All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
- F5. Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TM, TCP 2, TAA, TA and TCO. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.
- F6. TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA. TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM. TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $692.41 to $693.37, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $693.52 to $694.45, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $694.54 to $695.17, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $696.89 to $697.84, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $697.90 to $698.12, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 54,361 shares
Sale price example: $698.03 per share
Lowest reported sale price: $683.09 per share
+4 more
7 metrics
Shares sold
54,361 shares
Total common shares sold in open-market transactions on May 13–14
Sale price example
$698.03 per share
Weighted average price for a May 14 sale line item
Lowest reported sale price
$683.09 per share
Weighted average price for a May 14 transaction line
Total holdings after transactions
10,525,005 shares
Total common stock reported as held by Gendell and affiliated entities
TCP holdings
5,524,391 shares
Shares of common stock directly owned by Tontine Capital Partners, L.P.
Gendell direct holdings
76,964 shares
Common shares directly owned by Jeffrey L. Gendell
Phantom stock units
65,069 units
Phantom stock units granted to Mr. Gendell under the equity plan
Key Terms
weighted average price, phantom stock units, beneficially owned, Section 16(a), +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
phantom stock units financial
"Mr. Gendell directly owns 76,964 shares of Common Stock and 65,069 phantom stock units granted to him..."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
beneficially owned financial
"All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Section 16(a) regulatory
"disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934..."
Equity Incentive Plan financial
"phantom stock units granted to him pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated..."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What insider transaction did IES Holdings (IESC) report in this Form 4?
IES Holdings Executive Chairman Jeffrey L. Gendell reported selling 54,361 shares of common stock in open-market transactions on May 13–14. The filing aggregates multiple trades executed at closely grouped prices near $693–$698 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
