IES Holdings (IESC) chair Jeffrey Gendell reports $700+ insider share sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IES Holdings, Inc. insider filings show that Executive Chairman Jeffrey L. Gendell and related Tontine investment entities reported open-market sales of 32,365 shares of common stock on May 26–27. The trades were executed at weighted average prices generally between $702.24 and $710.37 per share, as detailed in the footnotes.
The filing states that all shares sold were directly held by Mr. Gendell. After these transactions, entities and accounts associated with him are reported as holding more than 10 million shares of IES Holdings common stock, based on the post-transaction share figures in the Form 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 32,365 shares ($22,839,955)
Net Sell
8 txns
Insider
GENDELL JEFFREY L ET AL, TONTINE ASSET ASSOCIATES, L.L.C., TONTINE CAPITAL MANAGEMENT LLC, TONTINE CAPITAL OVERSEAS MASTER FUND II, L.P., TONTINE CAPITAL PARTNERS L P, TONTINE MANAGEMENT LLC, Tontine Associates, LLC, Tontine Capital Overseas GP, LLC
Role
Executive Chairman | null | null | null | null | null | null | null
Sold
32,365 shs ($22.84M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 6,000 | $702.65 | $4.22M |
| Sale | Common Stock, par value $0.01 per share | 2,250 | $703.51 | $1.58M |
| Sale | Common Stock, par value $0.01 per share | 8,251 | $705.38 | $5.82M |
| Sale | Common Stock, par value $0.01 per share | 4,000 | $706.60 | $2.83M |
| Sale | Common Stock, par value $0.01 per share | 7,000 | $708.10 | $4.96M |
| Sale | Common Stock, par value $0.01 per share | 2,809 | $710.14 | $1.99M |
| Sale | Common Stock, par value $0.01 per share | 2,006 | $702.24 | $1.41M |
| Sale | Common Stock, par value $0.01 per share | 49 | $703.89 | $34K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 10,477,589 shares (Indirect, See footnotes)
Footnotes (1)
- All shares reported as sold in this Form 4 were shares directly held by Jeffrey L. Gendell ("Mr. Gendell"). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $702.24 to $702.49, inclusive. The reporting person undertakes to provide IES Holdings, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Capital Overseas Master Fund II, L.P., a Delaware limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), and Mr. Gendell. Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM; (c) TAA, the general partner of TCP 2; (d) TA; and (e) TCO. TCP directly owns 5,524,391 shares of Common Stock, TCM directly owns 1,910,529 shares of Common Stock, TM directly owns 1,410,162 shares of Common Stock, TCP 2 directly owns 710,934 shares of Common Stock, TAA directly owns 96,891 shares of Common Stock, TA directly owns 640,057 shares of Common Stock, TCO directly owns 47,284 shares of Common Stock, Mr. Gendell directly owns 44,599 shares of Common Stock and 65,069 phantom stock units granted to him pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, and Mr. Gendell's adult children own 3,363 shares of Common Stock through trusts for which Mr. Gendell acts as trustee. All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA. Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TM, TCP 2, TAA, TA and TCO. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP. TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA. TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM. TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $702.37 to $703.33, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $704.89 to $705.73, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $706.38 to $706.81, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $707.72 to $708.54, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $710.11 to $710.37, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 32,365 shares
Example sale price: $710.14 per share
Example sale price: $708.10 per share
+5 more
8 metrics
Shares sold
32,365 shares
Net shares sold across Form 4 transactions
Example sale price
$710.14 per share
Weighted average price for 2,809-share sale on May 27
Example sale price
$708.10 per share
Weighted average price for 7,000-share sale on May 27
Post-transaction holdings
10,483,589 shares
One reported total shares following a transaction
Direct common shares
44,599 shares
Common stock directly owned by Jeffrey L. Gendell
Phantom stock units
65,069 units
Phantom stock units granted to Jeffrey L. Gendell
TCP common shares
5,524,391 shares
Common stock directly owned by Tontine Capital Partners, L.P.
TA common shares
640,057 shares
Common stock directly owned by Tontine Associates, L.L.C.
Key Terms
phantom stock units, weighted average price, beneficially owned, Section 16(a), +1 more
5 terms
phantom stock units financial
"and 65,069 phantom stock units granted to him pursuant to the IES Holdings, Inc. 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially owned financial
"All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Section 16(a) regulatory
"disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934"
Equity Incentive Plan financial
"phantom stock units granted to him pursuant to the IES Holdings, Inc. 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.
FAQ
What insider transaction did IESC report for Jeffrey L. Gendell?
IES Holdings reported that Executive Chairman Jeffrey L. Gendell sold 32,365 shares of common stock in open-market transactions. These sales occurred over May 26–27 and were executed through entities associated with him, as described in the jointly filed Form 4.
Who jointly filed the IES Holdings (IESC) Form 4 with Jeffrey L. Gendell?
The report was filed jointly by Jeffrey L. Gendell and several Tontine entities, including Tontine Capital Partners, Tontine Capital Management, Tontine Management, Tontine Capital Overseas Master Fund II, Tontine Asset Associates, Tontine Associates, and Tontine Capital Overseas GP, as detailed in the footnotes.
Does Jeffrey L. Gendell hold other IES Holdings (IESC) interests besides common stock?
Yes. Footnotes state that Jeffrey L. Gendell directly owns 44,599 IES Holdings common shares and 65,069 phantom stock units granted under the company’s equity incentive plan, in addition to indirect holdings through various Tontine investment entities.
How does the IES Holdings (IESC) Form 4 describe beneficial ownership for Tontine entities?
The filing explains that securities held by funds such as TCP, TCP 2, and other Tontine entities may be deemed beneficially owned by Jeffrey L. Gendell, while each entity also disclaims beneficial ownership except for its direct holdings or pro rata interests, under Section 16(a) interpretations.