Powell Industries (POWL) 10% owner sells 1,477 shares around $560
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Powell Industries insider Thomas W. Powell, reported as a 10% owner, sold 1,477 shares of common stock in open-market transactions. The sales occurred on February 24 and 25 at weighted average prices ranging from about $560 to $564 per share.
After these sales, he directly holds 650,472 shares of Powell Industries common stock. He is also reported as having indirect ownership of 1,623,328 shares through TWP Holdings and 4,000 shares held by his spouse, while disclaiming beneficial ownership of indirectly held securities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,477 shares ($828,906)
Net Sell
7 txns
Insider
POWELL THOMAS W
Role
10% Owner
Sold
1,477 shs ($829K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 318 | $560.3742 | $178K |
| Sale | Common Stock | 400 | $560.3004 | $224K |
| Sale | Common Stock | 412 | $561.4402 | $231K |
| Sale | Common Stock | 223 | $562.245 | $125K |
| Sale | Common Stock | 124 | $563.651 | $70K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 650,472 shares (Direct);
Common Stock — 1,623,328 shares (Indirect, Held in TWP Holdings)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.00 to $560.980, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.00 to $561.980, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.00 to $562.520, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.275 to $564.080, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.00 to $560.50, inclusive. These shares are held directly by the spouse of Thomas W. Powell. 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.
FAQ
What did Thomas W. Powell report in his latest Form 4 for POWL?
Thomas W. Powell reported open-market sales of 1,477 shares of Powell Industries common stock. The trades occurred on February 24 and 25 at weighted average prices in the $560–$564 range, and his direct holdings remained substantial after the transactions.
Does the Form 4 show indirect ownership for Thomas W. Powell in POWL?
Yes. The filing lists 1,623,328 shares held indirectly through TWP Holdings and 4,000 shares held by his spouse. A footnote states he disclaims beneficial ownership of such indirect securities, except to the extent of any pecuniary interest he may have in them.