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Powell Industries (POWL) EVP sells 4,500 preplanned shares in Rule 10b5-1 trades

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Powell Industries Executive Vice President Michael William Metcalf reported selling 4,500 shares of Powell Industries common stock in multiple open-market transactions on June 30, 2026. The trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2025.

The reported sales occurred at average prices within ranges from $279.73 to $287.96 per share, reflecting execution across several price brackets. After these transactions, Metcalf directly owns 78,900 shares of Powell Industries common stock, including shares subject to time-based vesting provisions.

Positive

  • None.

Negative

  • None.
Insider METCALF MICHAEL WILLIAM
Role Exec Vice President
Sold 4,500 shs ($1.28M)
Type Security Shares Price Value
Sale Common Stock 187 $280.05 $52K
Sale Common Stock 619 $281.22 $174K
Sale Common Stock 387 $282.45 $109K
Sale Common Stock 405 $283.34 $115K
Sale Common Stock 471 $284.29 $134K
Sale Common Stock 697 $285.66 $199K
Sale Common Stock 1,235 $286.52 $354K
Sale Common Stock 499 $287.57 $143K
Holdings After Transaction: Common Stock — 83,213 shares (Direct, null)
Footnotes (1)
  1. The sales reported in this Form 4 were affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2025. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $279.73-$280.69, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote. The reported number of shares have been adjusted to reflect the impact of the issuer's 3-for-1 forward split of its Common Stock effected on April 2, 2026. Includes shares that have a time-based vesting provision. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $280.74-$281.52, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $281.95-$282.88, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $283.08-$283.98, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $284.11-$283.09, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $285.12-$286.12, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $286.14-$287.14, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $287.16-$287.96, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
Shares sold 4,500 shares Total common shares sold on June 30, 2026
Price range $279.73–$287.96 per share Average price ranges for reported sale transactions
Shares held after 78,900 shares Direct ownership following June 30, 2026 sales
Rule 10b5-1 plan adoption date December 2, 2025 Date Metcalf adopted trading plan used for sales
Transactions reported 8 sale entries Number of separate open-market sale lines in Form 4
Stock split ratio 3-for-1 forward split Adjustment affecting reported share counts on April 2, 2026
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
3-for-1 forward split financial
"The reported number of shares have been adjusted to reflect the impact of the issuer's 3-for-1 forward split of its Common Stock effected on April 2, 2026."
time-based vesting provision financial
"Includes shares that have a time-based vesting provision."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
average price financial
"The price reported in Column 4 is an average price; shares were sold in multiple transactions."
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
METCALF MICHAEL WILLIAM

(Last)(First)(Middle)
8550 MOSLEY ROAD

(Street)
HOUSTON TEXAS 77075

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
POWELL INDUSTRIES INC [ POWL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Exec Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/30/202606/30/2026S187(1)D$280.05(2)83,213(3)(4)D
Common Stock06/30/202606/30/2026S619(1)D$281.22(5)82,594(3)(4)D
Common Stock06/30/202606/30/2026S387(1)D$282.45(6)82,207(3)(4)D
Common Stock06/30/202606/30/2026S405(1)D$283.34(7)81,802(3)(4)D
Common Stock06/30/202606/30/2026S471(1)D$284.29(8)81,331(3)(4)D
Common Stock06/30/202606/30/2026S697(1)D$285.66(9)80,634(3)(4)D
Common Stock06/30/202606/30/2026S1,235(1)D$286.52(10)79,399(3)(4)D
Common Stock06/30/202606/30/2026S499(1)D$287.57(11)78,900(3)(4)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sales reported in this Form 4 were affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2025.
2. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $279.73-$280.69, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
3. The reported number of shares have been adjusted to reflect the impact of the issuer's 3-for-1 forward split of its Common Stock effected on April 2, 2026.
4. Includes shares that have a time-based vesting provision.
5. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $280.74-$281.52, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
6. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $281.95-$282.88, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
7. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $283.08-$283.98, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
8. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $284.11-$283.09, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
9. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $285.12-$286.12, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
10. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $286.14-$287.14, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
11. The price reported in Column 4 is an average price; shares were sold in multiple transactions. Reporting range is $287.16-$287.96, inclusive. Reporting person, upon request, will provide Powell Industries, Inc. or the staff of the Securities & Exchange Commission full information regarding the number of shares sold at each price within the ranges set for in this footnote.
Remarks:
Michael W. Metcalf07/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Powell Industries (POWL) executive Michael Metcalf report in this Form 4?

Michael William Metcalf, Executive Vice President of Powell Industries, reported selling 4,500 common shares in multiple open-market transactions on June 30, 2026. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted in December 2025.

How many Powell Industries (POWL) shares does Michael Metcalf hold after the reported sales?

Following the June 30, 2026 transactions, Michael Metcalf directly holds 78,900 shares of Powell Industries common stock. This total includes shares that are subject to a time-based vesting provision, as disclosed in the Form 4 footnotes.

At what prices did Michael Metcalf sell Powell Industries (POWL) shares?

The reported sales were executed at average prices within several ranges, from $279.73 to $287.96 per share. Each Form 4 line reflects an average price, with detailed price breakdowns available upon request to the company or regulators.

Was Michael Metcalf’s sale of Powell Industries (POWL) shares pre-planned?

Yes. The Form 4 states the sales were made under a Rule 10b5-1 trading plan adopted on December 2, 2025. Such plans allow insiders to schedule trades in advance, helping separate trading activity from day-to-day market decisions.

Did the Powell Industries (POWL) Form 4 mention a stock split affecting share counts?

The filing notes that reported share numbers were adjusted for Powell Industries’ 3-for-1 forward split of its common stock, which took effect on April 2, 2026. This adjustment increases the share count while proportionally lowering the per-share price.

What type of transactions did Michael Metcalf report for Powell Industries (POWL)?

All reported transactions are open-market sales of Powell Industries common stock, coded as “S” in the Form 4. There were eight separate sale entries totaling 4,500 shares, with no option exercises, gifts, or tax-withholding dispositions reported.