IES Holdings (IESC) director awarded 37 phantom stock units as retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IES Holdings, Inc. director Todd M. Cleveland reported receiving a grant of 37 shares of common stock in the form of Phantom Stock Units (PSUs) as part of his board retainer. The units were granted at $0.00 per share as compensation, not through an open-market purchase.
Following this award, Cleveland holds a total of 60,911 shares of IES common stock. Each PSU converts into one share of common stock when he leaves the board of directors for any reason or if a change of control occurs under the company’s 2006 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cleveland Todd M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 60,911 shares (Direct, null)
Footnotes (1)
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Key Figures
Phantom Stock Units granted: 37 units
Grant price per unit: $0.00 per unit
Total shares after transaction: 60,911 shares
3 metrics
Phantom Stock Units granted
37 units
Director retainer grant on July 1, 2026
Grant price per unit
$0.00 per unit
Equity compensation, not open-market purchase
Total shares after transaction
60,911 shares
Todd M. Cleveland’s beneficial ownership following grant
Key Terms
Phantom Stock Units, 2006 Equity Incentive Plan, retainer, change of control
4 terms
Phantom Stock Units financial
"Represents Phantom Stock Units ("PSUs") granted pursuant to the IES Holdings, Inc."
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. Cleveland 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.
FAQ
What did IES Holdings (IESC) director Todd M. Cleveland report on this Form 4?
Todd M. Cleveland reported receiving a grant of 37 Phantom Stock Units as part of his board retainer. These units are a form of stock-based compensation and were not acquired through an open-market stock purchase.
How many Phantom Stock Units did the IES Holdings (IESC) director receive?
He received 37 Phantom Stock Units, each tied to one share of IES common stock. The grant reflects a small addition to his existing holdings and represents compensation for his service on the board of directors.
At what price were the Phantom Stock Units granted to the IES Holdings (IESC) director?
The 37 Phantom Stock Units were granted at a price of $0.00 per unit. This indicates they were awarded as compensation rather than purchased, aligning with typical equity-based director retainer structures.