Ies Holdings Inc SEC Filings

IES Holdings, Inc. (IESC) reported an insider equity transaction involving its Senior Vice President, Chief Financial Officer and Treasurer, following the vesting of performance-based phantom stock units. On November 21, 2025, 8,857 performance-based PSUs granted on December 6, 2022 under the company’s 2006 Equity Incentive Plan vested after the company determined that the required financial performance and service conditions tied to the fiscal year ended September 30, 2025 had been met. Each PSU converted into one share of common stock at a reference price of $371.19 per share. To cover associated tax obligations from this vesting, 4,937 shares of common stock were withheld, also at $371.19 per share. After these transactions, the reporting officer beneficially owned 70,097 shares of IES Holdings common stock, held directly.

IES Holdings, Inc. (IESC) reported a Form 4 for its President and CEO, who serves as an officer of the company. On November 21, 2025, 14,172 performance-based phantom stock units (PSUs) granted on December 6, 2022 under the company’s 2006 Equity Incentive Plan vested after the company met specified annual financial performance objectives and service conditions tied to the fiscal year ended September 30, 2025.

Each PSU represented one share of common stock, so the vesting resulted in 14,172 shares acquired at a reported price of $371.19. On the same date, 7,900 shares were withheld at $371.19 to cover tax obligations related to the vesting of time- and performance-based PSUs. Following these transactions, the reporting person directly beneficially owned 107,776 shares of IES Holdings common stock.

IES Holdings, Inc. (IESC) reported an insider equity award vesting for its Executive Chairman and 10% owner, Jeffrey L. Gendell. On November 21, 2025, 20,077 performance-based phantom stock units granted in December 2022 vested after the company met specified financial performance goals and service requirements tied to the fiscal year ended September 30, 2025. Each unit represented one share of common stock.

The filing shows that shares of common stock valued at $371.19 per share were delivered and that 13,179 shares were withheld at the same price to cover tax withholding obligations, reported as a disposition. Following these transactions, Gendell and related Tontine investment entities reported indirect beneficial ownership of 10,776,615 shares of IES common stock. The report is filed jointly by multiple Tontine entities that are associated with Gendell.

IES Holdings, Inc. reported that it issued a press release announcing its results of operations for the fiscal 2025 fourth quarter, with the full financial details provided in the accompanying press release. The company also posted an “IES Holdings Q4 2025 Earnings Presentation” in the Investor Relations section of its website, where it will remain available for at least thirty days.

The Compensation Committee approved a 2026 Supplementary Short Term Incentive Plan for executive officer Mr. Simmes. For fiscal 2026, his cash bonus opportunity is tied to the company’s Adjusted Income, defined as comprehensive income before provision for income taxes and excluding employee stock compensation expense. He is eligible to receive 1.0% of the amount by which Adjusted Income exceeds 85% of the 2026 target Adjusted Income, plus an additional 1.0% of the amount by which Adjusted Income exceeds 100.0% of that target, subject to a maximum payout of $5,000,000.

IES Holdings (IESC) files its annual report describing a year of growth and expanding backlog. For the year ended September 30, 2025, total consolidated revenue reached $3,371,468 (in thousands), with all four operating segments contributing: Communications, Residential, Infrastructure Solutions, and Commercial & Industrial.

The mix of the business continues to shift toward data-center and infrastructure work. Communications revenue grew to $1,140,640 (in thousands), while Infrastructure Solutions and Commercial & Industrial also increased their shares of total revenue. Residential remains the single largest segment, though management notes softer multi-family demand and housing affordability pressures.

Backlog and remaining performance obligations together totaled $2,373,790 and are spread across all segments, with Communications and Commercial & Industrial particularly strong. Management expects $1.4 billion of this backlog to convert to revenue in fiscal 2026 and the rest in fiscal 2027, while highlighting typical risks around cancellations, project execution, and economic cycles.

IES Holdings (IESC) announced a definitive agreement to acquire Gulf Island Fabrication via a cash merger. Under the deal, each outstanding Gulf Island share will be converted into the right to receive $12.00 in cash at closing, subject to customary conditions. The boards of both companies approved the transaction. Completion requires a majority Gulf Island shareholder vote, expiration or termination of the HSR waiting period, and other regulatory clearances; there is no financing condition. The merger agreement includes an outside date of August 7, 2026.

Equity awards at Gulf Island convert into cash-based Substitute Awards valued at $12.00 per unit; director awards vest at closing, while employee awards generally follow original schedules with acceleration on certain terminations within one year. Gulf Island may owe IES a ~$7.6 million termination fee in specified scenarios. IES owns approximately 565,886 Gulf Island shares (3.5%) and agreed to vote in favor. A separate Voting and Support Agreement covers Supporting Shareholders holding about 20% of Gulf Island’s stock.

Janzen Kelly, a director of IES Holdings, Inc. (IESC), reported the acquisition of 64 shares of the company’s common stock on 10/01/2025. The shares were granted under the 2006 Equity Incentive Plan as part of Ms. Janzen’s election to receive shares in lieu of cash or phantom stock units for a portion of her retainer. The Form 4 shows the shares were received at a price of $0 and that Ms. Janzen beneficially owned 111 shares following the transaction. The filing was signed by an attorney-in-fact on behalf of the reporting person on 10/03/2025.

Joe D. Koshkin, a director of IES Holdings, Inc. (IESC), reported acquiring 72 Phantom Stock Units (PSUs) on 10/01/2025. Following the grant, his reported beneficial ownership is 49,723 shares. The PSUs were granted under the company's 2006 Equity Incentive Plan as part of Mr. Koshkin's election to receive PSUs in lieu of cash or common stock for a portion of his retainer. Each PSU converts to one share of common stock when Mr. Koshkin leaves the board for any reason or upon a defined change of control. The Form 4 was signed by an attorney-in-fact on 10/03/2025.

Jennifer A. Baldock, a director of IES Holdings, Inc. (IESC), reported on Form 4 that on 10/01/2025 she was granted 67 Phantom Stock Units (PSUs) under the companys 2006 Equity Incentive Plan in lieu of cash or stock retainer. Each PSU converts to one share of IES common stock if Ms. Baldock leaves the board for any reason or upon a defined change of control. Following the grant she directly beneficially owns 5,454 shares and indirectly owns 375 shares through a family LLC, of which she is a co-manager. The Form 4 was signed by an attorney-in-fact on 10/03/2025.