IES Holdings (IESC) director receives 39 Phantom Stock Units as retainer

Rhea-AI Filing Summary

IES Holdings, Inc. director Joe D. Koshkin reported receiving an award of 39 shares of Common Stock-equivalent Phantom Stock Units on July 1, 2026. These units were granted at a price of $0.00 per unit as part of his director retainer compensation.

Following this grant, Koshkin directly holds 44,895 shares of IES Holdings common stock, indicating the award is small relative to his existing position. Each Phantom Stock Unit will convert into one share of common stock when he leaves the board for any reason or upon a qualifying change of control under the company’s 2006 Equity Incentive Plan.

Insights

Equity compensation analyst

Routine, small equity award as part of director compensation.

The filing shows director Joe D. Koshkin receiving 39 Phantom Stock Units in lieu of cash or stock for a portion of his board retainer. The grant price is $0.00, consistent with a standard equity award rather than a market purchase.

The award increases his direct holdings to 44,895 common-share equivalents, so the new units represent a very small increment. Because this is routine compensation under the 2006 Equity Incentive Plan and not an open-market trade, it carries limited signaling value for outside investors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Koshkin Joe D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	39	$0.00	--

Holdings After Transaction: Common Stock — 44,895 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Phantom Stock Units granted: 39 units Grant price per unit: $0.00 per unit Total holdings after transaction: 44,895 shares +1 more

4 metrics

Phantom Stock Units granted 39 units Grant to director Joe D. Koshkin on July 1, 2026

Grant price per unit $0.00 per unit Phantom Stock Unit award under 2006 Equity Incentive Plan

Total holdings after transaction 44,895 shares Direct common-share equivalents held by Koshkin after grant

Transaction code A (Grant, award, or other acquisition) Non-derivative acquisition of Phantom Stock Units

Key Terms

Phantom Stock Units, 2006 Equity Incentive Plan, change of control, retainer

4 terms

Phantom Stock Units financial

"Represents Phantom Stock Units ("PSUs") granted pursuant to the IES Holdings, Inc. ("IES") 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"

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.

retainer financial

"electing to receive PSUs in lieu of cash or common stock for that portion of his retainer"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

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

FAQ

What insider transaction did IES Holdings (IESC) report for Joe D. Koshkin?

IES Holdings reported that director Joe D. Koshkin received 39 Phantom Stock Units as an equity grant. The units were awarded at $0.00 per unit as part of his board retainer, increasing his direct holdings to 44,895 common-share equivalents.

Is the IES Holdings (IESC) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant, not a purchase. Joe D. Koshkin received 39 Phantom Stock Units coded as an acquisition by grant or award, with no cash paid, under the IES Holdings 2006 Equity Incentive Plan.

How many IES Holdings (IESC) shares does Joe D. Koshkin hold after this Form 4?

After the reported grant, Joe D. Koshkin directly holds 44,895 common-share equivalents of IES Holdings. This total includes the 39 newly granted Phantom Stock Units, which each convert into one share of common stock when specified conditions are met.

What are Phantom Stock Units in the IES Holdings (IESC) Form 4 filing?

The Phantom Stock Units are equity-based awards granted under IES Holdings’ 2006 Equity Incentive Plan. Each unit represents one future share of common stock, payable when Joe D. Koshkin leaves the board for any reason or upon a defined change of control event.

Why did Joe D. Koshkin receive Phantom Stock Units from IES Holdings (IESC)?

Joe D. Koshkin elected to receive Phantom Stock Units in lieu of cash or common stock for part of his director retainer. The 39 units granted on July 1, 2026 are standard board compensation under the company’s amended and restated 2006 Equity Incentive Plan.

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)
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		39	A	$0	44,895	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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	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)