Powell Director Granted 200 Restricted Shares
Powell Industries director James W. McGill reported receiving a grant of 200 shares of common stock as compensation for serving on the company’s Board of Directors under the Non-Employee Director Equity Incentive Plan.
Rhea-AI Filing Summary
Powell Industries director James W. McGill reported receiving a grant of 200 shares of common stock as compensation for serving on the company’s Board of Directors under the Non-Employee Director Equity Incentive Plan. The shares are restricted and vest on the earlier of the first anniversary of the grant date or the company’s 2027 annual stockholder meeting.
Following this award, McGill directly holds 10,360 common shares, which include shares subject to time-based vesting provisions. Footnotes explain that related restricted stock units convert into common stock on a one-for-one basis at vesting.
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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 insider transaction did Powell Industries (POWL) disclose for James W. McGill?
At what price was the Powell Industries (POWL) stock grant to James W. McGill recorded?
What does the Form 4 say about RSUs for Powell Industries (POWL) director James W. McGill?
Is James W. McGill’s Powell Industries (POWL) transaction a buy or a grant?
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