Powell Industries director awarded 200 restricted shares
Powell Industries director Mohit Singh received an equity grant of company stock.
Rhea-AI Filing Summary
Powell Industries director Mohit Singh received an equity grant of company stock. He was awarded 200 shares of restricted common stock at a stated price of $0.01 per share as compensation for serving on the Board under the Non-Employee Director Equity Incentive Plan.
After this grant, he directly holds 1,360 common shares, some of which have time-based vesting provisions. The restricted shares vest on the earlier of the first anniversary of the grant date or the Company’s 2027 Annual Stockholder Meeting, and RSUs convert into common stock on a one-for-one basis at vesting.
Positive
- None.
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Insider Trade Summary
Grant/Award: 200 shares
Grant/Award
1 txn
Insider
Singh Mohit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 200 | $0.01 | $2.00 |
Holdings After Transaction:
Common Stock — 1,360 shares (Direct)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.