IES Holdings (IESC) director granted 60 phantom stock units as retainer

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

IES Holdings, Inc. director Joe D. Koshkin received an award of 60 Phantom Stock Units as equity compensation, rather than cash or common stock for part of his board retainer. These units were granted under the company’s 2006 Equity Incentive Plan at a stated price of $0.00 per unit.

Each unit converts into one share of IES common stock when Mr. Koshkin leaves the board for any reason or upon a defined change of control. Following this grant, he directly owns or is credited with 44,856 shares or units tied to IES common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Koshkin Joe D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	60	$0.00	--

Holdings After Transaction: Common Stock — 44,856 shares (Direct)

Footnotes (1)

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Key Figures

Phantom Stock Units granted: 60 units Grant price per unit: $0.00 per unit Holdings after transaction: 44,856 shares/units +1 more

4 metrics

Phantom Stock Units granted 60 units Director retainer grant under 2006 Equity Incentive Plan

Grant price per unit $0.00 per unit Phantom Stock Units award to director

Holdings after transaction 44,856 shares/units Total direct position following award

Conversion ratio 1 unit = 1 share Each Phantom Stock Unit converts into one IES common share

Key Terms

Phantom Stock Units, 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.

Equity Incentive Plan financial

"granted pursuant to the IES Holdings, Inc. ("IES") 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.

retainer financial

"electing to receive PSUs in lieu of cash or common stock 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.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 04:21 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^*

Koshkin Joe D

(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)
04/01/2026

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)
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⁽¹⁾	04/01/2026		A		60	A	$0	44,856	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. 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. Koshkin electing to receive PSUs in lieu of cash or common stock for that portion of his retainer. Each unit converts to one share of IES common stock when either (i) Mr. Koshkin leaves the board of directors for any reason, or (ii) upon a change of control as defined in the 2006 Equity Incentive Plan.

Remarks:

	/s/ Mary K. Newman, Attorney-in-Fact	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did IESC director Joe D. Koshkin report in this Form 4 filing?

Joe D. Koshkin reported receiving 60 Phantom Stock Units as equity compensation. The units were granted in lieu of cash or common stock for a portion of his board retainer under IES Holdings’ 2006 Equity Incentive Plan.

How many IES Holdings (IESC) units did Joe D. Koshkin acquire?

Joe D. Koshkin acquired 60 Phantom Stock Units linked to IES common stock. Each unit represents a right to receive one share of common stock upon specified future events, instead of immediate cash or stock payment for part of his director retainer.

At what price were Joe D. Koshkin’s IESC Phantom Stock Units granted?

The 60 Phantom Stock Units were granted at a stated price of $0.00 per unit. This reflects that the award is a non-cash equity-based component of his director compensation rather than an open-market purchase of IES Holdings common stock.

When do Joe D. Koshkin’s IESC Phantom Stock Units convert into common shares?

Each Phantom Stock Unit converts into one share of IES common stock when Joe D. Koshkin leaves the board for any reason, or upon a change of control as defined in the company’s 2006 Equity Incentive Plan.

How many IESC shares does Joe D. Koshkin hold after this transaction?

After this equity award, Joe D. Koshkin is shown as directly holding or being credited with 44,856 shares or units tied to IES common stock. This figure reflects his total direct position following the reported Phantom Stock Unit grant.

Is Joe D. Koshkin’s IESC Form 4 transaction an open-market stock purchase?

No, the transaction reflects a grant of 60 Phantom Stock Units as compensation, not an open-market stock purchase. The units were received in lieu of cash or common stock for part of his retainer under the 2006 Equity Incentive Plan.