IES director receives 34 phantom stock units

IES Holdings, Inc. director David B. Gendell received a grant of 34 Phantom Stock Units as part of his board retainer on common stock.

Rhea-AI Filing Summary

IES Holdings, Inc. director David B. Gendell received a grant of 34 Phantom Stock Units as part of his board retainer on common stock. These units were issued at no cash cost under the company’s 2006 Equity Incentive Plan and convert one-for-one into common shares when he leaves the board or upon a change of control as defined in the plan.

Following this grant, Gendell directly holds 70,821 shares of IES common stock, with additional indirect holdings of 40,000 shares in a family trust and 6,000 shares in an IRA.

Insider Trade Summary

Grant/Award: 34 shares

Grant/Award 3 txns

Insider Gendell David B.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	34	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 70,821 shares (Direct); Common Stock — 6,000 shares (Indirect, Held in IRA); Common Stock — 40,000 shares (Indirect, Held in Family Trust)

Footnotes (1)

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: 34 units Direct common shares after grant: 70,821 shares Family trust holdings: 40,000 shares +2 more

5 metrics

Phantom Stock Units granted 34 units Board retainer grant as of July 1, 2026

Direct common shares after grant 70,821 shares Direct holdings following Phantom Stock Unit award

Family trust holdings 40,000 shares Indirect ownership held in family trust

IRA holdings 6,000 shares Indirect ownership held in IRA

Buy transactions in filing 0 transactions Form 4 transaction summary

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

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

FAQ

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

What did IES Holdings (IESC) director David B. Gendell acquire in this Form 4?

David B. Gendell received a grant of 34 Phantom Stock Units as part of his board retainer. These units are compensation, not an open-market purchase, and are tied to his service as a director under the 2006 Equity Incentive Plan.

How do the Phantom Stock Units for IES Holdings (IESC) director convert into shares?

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

How many IES Holdings (IESC) shares does David B. Gendell hold directly after this filing?

After the grant, Gendell directly holds 70,821 shares of IES common stock. This direct ownership figure is reported in the Form 4 and reflects his position excluding any shares held through trusts or retirement accounts.

What indirect IES Holdings (IESC) shareholdings are reported for David B. Gendell?

The Form 4 reports 40,000 IES common shares held in a family trust and 6,000 shares held in an IRA. These positions are categorized as indirect ownership, separate from his directly held 70,821 shares.

Was the IES Holdings (IESC) Form 4 transaction an open-market buy or sell?

No, the reported acquisition was a compensation grant of 34 Phantom Stock Units, not an open-market trade. The filing shows no buys or sells; it only reflects this award and the director’s updated direct and indirect share holdings.

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

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Accepted by SEC EDGAR 07/06/2026 - 05:17 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^*

Gendell David B.

(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		34	A	$0	70,821	D
Common Stock								6,000	I	Held in IRA
Common Stock								40,000	I	Held in Family Trust

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. 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.

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)