IES Holdings (NASDAQ: IESC) director granted 34 phantom stock units as board retainer
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gendell David B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,821 shares (Direct, null);
Common Stock — 6,000 shares (Indirect, Held in IRA)
Footnotes (1)
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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
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.
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.