Planned sale of 14,911 Powell Industries (POWL) shares under Rule 144
Rhea-AI Filing Summary
Powell Industries shareholder plans a new stock sale under Rule 144. A holder has filed to sell 14,911 shares of Powell Industries common stock on NASDAQ through Morgan Stanley Smith Barney LLC, with an aggregate market value of 8,960,349.43 and 12,142,283 shares outstanding.
The shares come from restricted stock that vested under registered compensation plans between 2008 and 2022 in exchange for services. Over the past three months, Thomas W. Powell previously sold 10,285 common shares for gross proceeds of 6,094,528.97.
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