Powell Industries director granted 200 restricted shares
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.
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
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 200 | $0.01 | $2.00 |
Footnotes (3)
- F1. 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.
- F2. RSUs convert into common stock on a one-for-one basis at the time of vesting.
- F3. Includes shares that have a time-based vesting provision.
FAQ
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What did Powell Industries (POWL) director Alaina K. Brooks report on this Form 4?
What are the vesting terms of the restricted stock granted to Alaina K. Brooks at Powell Industries (POWL)?
How do the RSUs reported by Alaina K. Brooks at Powell Industries (POWL) convert into common stock?
Was the Powell Industries (POWL) Form 4 for Alaina K. Brooks a market buy or sell?
AI-generated analysis. How Rhea-AI works. Not financial advice.