Powell Industries (POWL) director Alaina Brooks awarded 200 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Powell Industries director Alaina K. Brooks received an equity grant of 200 shares of common stock as compensation for serving on the company’s Board of Directors. The shares are structured as restricted stock under the Non-Employee Director Equity Incentive Plan at a stated price of $0.01 per share.
These restricted shares vest on the earlier of the first anniversary of the grant date or the company’s 2027 Annual Stockholder Meeting. According to the filing, restricted stock units convert into common stock on a one-for-one basis at vesting, and Brooks now holds 3,760 shares of common stock directly, including shares subject to time-based vesting provisions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brooks Alaina K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 200 | $0.01 | $2.00 |
Holdings After Transaction:
Common Stock — 3,760 shares (Direct)
Footnotes (1)
- Represents shares of restricted stock that have been granted to the Reporting Person as compensation for serving on the Powell Industries Board of Directors under the Non-Employee Director Equity Incentive Plan. These shares vest on the earlier of the first anniversary from the date of the grant or the Company's 2027 Annual Stockholder Meeting. RSUs convert into common stock on a one-for-one basis at the time of vesting. Includes shares that have a time-based vesting provision.
FAQ
What did Powell Industries (POWL) director Alaina K. Brooks report on this Form 4?
Alaina K. Brooks reported an equity grant of 200 shares of Powell Industries common stock. The grant was awarded as compensation for serving on the Board under the Non-Employee Director Equity Incentive Plan and is structured as restricted stock subject to vesting conditions.
What are the vesting terms of the restricted stock granted to Alaina K. Brooks at Powell Industries (POWL)?
The restricted shares granted to Alaina K. Brooks vest on the earlier of the first anniversary of the grant date or Powell Industries’ 2027 Annual Stockholder Meeting. The filing notes that these awards include time-based vesting provisions tied to continued Board service.
How do the RSUs reported by Alaina K. Brooks at Powell Industries (POWL) convert into common stock?
The filing states that RSUs convert into Powell Industries common stock on a one-for-one basis at the time of vesting. This means each vested restricted stock unit automatically becomes one share of common stock without requiring an additional purchase price.
Was the Powell Industries (POWL) Form 4 for Alaina K. Brooks a market buy or sell?
The Form 4 reflects a grant or award acquisition, not a market buy or sell. The transaction is coded as a grant of 200 restricted common shares under a company equity incentive plan, provided as compensation for serving on the Board of Directors.