Thomas W. Powell (POWL) disposes 33,958 shares via exchange fund deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Powell Industries Inc. insider Thomas W. Powell reported a disposition of common stock tied to an exchange fund transaction. He transferred 33,958 shares of common stock, valued at $294.49 per share for the exchange, in a transaction coded as an open-market sale. After this move, he holds 564,736 shares directly.
He also has indirect holdings reported as 1,623,328 shares held through TWP Holdings and 6,000 shares held by the KRP 2025 Revocable Trust. The trust was established for the benefit of his spouse, who is its sole trustee, and he expressly disclaims beneficial ownership of the shares held by this spousal trust except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 33,958 shares ($10,000,291)
Net Sell
3 txns
Insider
POWELL THOMAS W
Role
null
Sold
33,958 shs ($10.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 33,958 | $294.49 | $10.00M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 564,736 shares (Direct, null);
Common Stock — 6,000 shares (Indirect, By KRP 2025 Revocable Trust)
Footnotes (1)
- The reporting person contributed 33,958 shares of POWL common stock to an exchange fund in exchange for shares of the exchange fund. The POWL common stock was valued at $294.49 per share for the purpose of determining the number of shares of the exchange fund issuable to the reporting person. These shares are held directly by the KRP 2025 Revocable Trust, a trust established for the benefit of the reporting person's spouse ("Spousal Trust"). The reporting person's spouse is the sole trustee of the Spousal Trust. The reporting person disclaims beneficial ownership of the securities held by the Spousal Trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting person disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
Key Figures
Shares disposed: 33,958 shares
Valuation per share: $294.49 per share
Direct holdings after transaction: 564,736 shares
+2 more
5 metrics
Shares disposed
33,958 shares
Common Stock contributed to exchange fund, transaction coded S
Valuation per share
$294.49 per share
Value used to determine exchange fund shares issued
Direct holdings after transaction
564,736 shares
Common Stock held directly by Thomas W. Powell
Indirect holdings via TWP Holdings
1,623,328 shares
Common Stock reported as held through TWP Holdings
Shares in KRP 2025 Revocable Trust
6,000 shares
Spousal trust holdings; beneficial ownership disclaimed except pecuniary interest
Key Terms
exchange fund, Revocable Trust, beneficial ownership, Section 16
4 terms
exchange fund financial
"contributed 33,958 shares of POWL common stock to an exchange fund in exchange for shares"
An exchange fund is a pooled investment vehicle where holders of a single, highly appreciated stock swap their shares for pro rata interests in a diversified basket, allowing them to reduce concentration risk without immediately selling and triggering a large capital gains tax. It matters to investors because it provides instant diversification and potential tax deferral—like trading one oversized slice of pie for many smaller slices—though it usually carries fees, a multi‑year lockup and less control over exact timing of liquidity.
Revocable Trust financial
"These shares are held directly by the KRP 2025 Revocable Trust, a trust established"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the securities held by the Spousal Trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did Thomas W. Powell report for POWL?
Thomas W. Powell reported disposing of 33,958 Powell Industries common shares. The shares were contributed to an exchange fund and valued at $294.49 per share to determine the number of exchange fund shares he received.
What indirect POWL holdings are associated with Thomas W. Powell?
Indirectly, 1,623,328 shares are reported as held through TWP Holdings, and 6,000 shares are held by the KRP 2025 Revocable Trust. The trust is for his spouse’s benefit, and he disclaims beneficial ownership of those trust-held shares except for any pecuniary interest.
What is the nature of the Form 4 transaction code used in this POWL filing?
The Form 4 uses transaction code “S” for the 33,958-share event, indicating a sale in open-market or private transactions. Footnotes clarify the transaction involved contributing shares to an exchange fund rather than a straightforward cash market sale.