IES Holdings director granted 36 shares in retainer

Baldock Jennifer A reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Baldock Jennifer A reported acquisition or exercise transactions in this Form 4 filing.

IES Holdings, Inc. director Jennifer A. Baldock reported a small equity-based compensation grant rather than an open-market trade. She received 36 shares of common stock at a price of $0.00 per share as part of her director retainer, electing stock instead of cash or phantom stock units under the IES Holdings, Inc. 2006 Equity Incentive Plan.

Following this grant, she holds 5,615 common shares directly and 375 common shares indirectly through a family limited liability company that she co-manages. The filing reflects routine compensation-related share issuance and updated ownership levels.

Insider Trade Summary

Grant/Award: 36 shares

Grant/Award 2 txns

Insider Baldock Jennifer A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	36	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,615 shares (Direct); Common Stock — 375 shares (Indirect, Held in Family LLC)

Footnotes (2)

1. F1. Represents shares of common stock granted pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, upon Ms. Baldock electing to receive shares in lieu of cash or phantom stock units for that portion of her retainer.
2. F2. The reporting person is a co-manager of the family limited liability company that owns the reported securities.

Key Figures

Shares granted: 36 shares Grant price: $0.00 per share Direct holdings after grant: 5,615 shares +1 more

4 metrics

Shares granted 36 shares Common stock grant as part of director retainer

Grant price $0.00 per share Equity compensation, not an open-market purchase

Direct holdings after grant 5,615 shares Common stock held directly by Jennifer Baldock

Indirect holdings after update 375 shares Common stock held via family limited liability company

Key Terms

Equity Incentive Plan, phantom stock units, family limited liability company

3 terms

Equity Incentive Plan financial

"granted 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.

phantom stock units financial

"electing to receive shares in lieu of cash or phantom stock units for that portion of her retainer"

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.

family limited liability company financial

"co-manager of the family limited liability company that owns the reported securities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did IESC director Jennifer Baldock report?

Jennifer Baldock reported receiving 36 shares of IES Holdings common stock as compensation. The shares were granted under the company’s 2006 Equity Incentive Plan as part of her director retainer, replacing cash or phantom stock units with actual stock.

How many IES Holdings (IESC) shares did Jennifer Baldock acquire?

She acquired 36 shares of IES Holdings common stock. These shares were granted at $0.00 per share value as equity compensation, reflecting her election to take part of her director retainer in stock instead of cash or phantom stock units.

What are Jennifer Baldock’s IESC share holdings after this Form 4?

After the reported grant, Jennifer Baldock holds 5,615 IES Holdings common shares directly. She also has 375 common shares held indirectly through a family limited liability company that she co-manages, as disclosed in the ownership footnote.

Was the IESC Form 4 transaction an open-market purchase or sale?

The Form 4 does not show an open-market purchase or sale. It reflects a compensation-related grant coded “A,” where Baldock received 36 shares in lieu of cash or phantom stock units as part of her director retainer under the company’s equity plan.

What plan governed the 36-share grant to the IESC director?

The 36-share grant was made under the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated. Baldock elected to receive common shares under this plan instead of cash or phantom stock units for a portion of her director retainer.

How are some of Jennifer Baldock’s IES Holdings shares held indirectly?

A portion of her IES Holdings position, 375 common shares, is held indirectly through a family limited liability company. The filing notes she is a co-manager of this family LLC, which owns the reported indirect securities position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 05:16 PM Learn about SEC filing dates

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^*

Baldock Jennifer A

(Last) (First) (Middle)

13131 DAIRY ASHFORD ROAD

SUITE 500

(Street)

SUGAR LAND TEXAS 77478

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	07/01/2026		A		36	A	$0	5,615	D
Common Stock								375	I	Held in Family LLC(2)

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 shares of common stock granted pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, upon Ms. Baldock electing to receive shares in lieu of cash or phantom stock units for that portion of her retainer.

2. The reporting person is a co-manager of the family limited liability company that owns the reported securities.

Remarks:

	/s/ Mary K. Newman, Attorney-in-Fact	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)