IES Holdings director granted 53 phantom stock units
IES Holdings, Inc. director David B. Gendell reported receiving a grant of 53 Phantom Stock Units under the company’s 2006 Equity Incentive Plan in lieu of part of his board retainer.
Rhea-AI Filing Summary
IES Holdings, Inc. director David B. Gendell reported receiving a grant of 53 Phantom Stock Units under the company’s 2006 Equity Incentive Plan in lieu of part of his board retainer. Each unit converts into one share of common stock when he leaves the board or upon a defined change of control. Following this grant, he holds 70,787 shares directly, with additional indirect holdings of 40,000 shares in a family trust and 6,000 shares in an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 53 shares
Grant/Award
3 txns
Insider
Gendell David B.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 53 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,787 shares (Direct);
Common Stock — 40,000 shares (Indirect, Held in Family Trust);
Common Stock — 6,000 shares (Indirect, Held in IRA)
Footnotes (1)
- F1. 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.
Key Figures
Phantom Stock Units granted: 53 units
Direct common shares after transaction: 70,787 shares
Family trust holdings: 40,000 shares
+2 more
5 metrics
Phantom Stock Units granted
53 units
Board retainer grant under 2006 Equity Incentive Plan
Direct common shares after transaction
70,787 shares
Direct ownership following 53-unit PSU grant
Family trust holdings
40,000 shares
Indirect ownership held in family trust
IRA holdings
6,000 shares
Indirect ownership held in IRA
Grant price per unit
$0.0000 per unit
PSUs granted as compensation, no cash paid
Key Terms
Phantom Stock Units, 2006 Equity Incentive Plan, retainer, change of control, +2 more
6 terms
Phantom Stock Units financial
"Represents Phantom Stock Units ("PSUs") granted pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan"
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.
2006 Equity Incentive Plan financial
"granted pursuant to the IES Holdings, Inc. ("IES") 2006 Equity Incentive Plan, as amended and restated"
retainer financial
"upon Mr. Gendell electing to receive PSUs in lieu of common stock or cash for that portion of his retainer"
change of control financial
"or (ii) upon a change of control as defined in the 2006 Equity Incentive Plan"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
family trust financial
"nature_of_ownership": "Held in Family Trust""
IRA financial
"nature_of_ownership": "Held in IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did David B. Gendell report for IESC?
David B. Gendell reported receiving a grant of 53 Phantom Stock Units as part of his board retainer. These units were issued under IES Holdings’ 2006 Equity Incentive Plan and carry no cash purchase price, reflecting compensation rather than an open-market share purchase.
What are Phantom Stock Units (PSUs) in the IESC Form 4 filing?
The Phantom Stock Units in this filing are equity-based awards granted instead of common stock or cash for part of Gendell’s retainer. Each PSU converts into one share of IES common stock when he leaves the board or if a defined change of control event occurs under the plan.
Under which plan were the 53 Phantom Stock Units for IES Holdings granted?
The 53 Phantom Stock Units were granted under the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated. This plan governs equity awards to eligible participants, including directors, and specifies conditions such as conversion events and definitions of change of control.
When do David B. Gendell’s IESC Phantom Stock Units convert into common stock?
Each Phantom Stock Unit converts into one IES Holdings common share when David B. Gendell leaves the board of directors for any reason. Conversion also occurs upon a change of control, as that term is defined in the company’s 2006 Equity Incentive Plan documentation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
