Powell Industries insider gifts 4,000 POWL shares
Powell Industries Inc. 10% owner Thomas W. Powell reported non-market gifts of company stock.
Rhea-AI Filing Summary
Powell Industries Inc. 10% owner Thomas W. Powell reported non-market gifts of company stock. On March 11, 2026, he made bona fide gifts totaling 4,000 shares of Powell Industries common stock, including 2,000 shares transferred to the KRP 2025 Revocable Trust established for his spouse.
Following these transactions, Powell holds 648,472 shares directly and 1,623,328 shares indirectly through TWP Holdings, with an additional 6,000 shares held by the Spousal Trust. He disclaims beneficial ownership of the trust-held shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,000 | $0.00 | $0.00 |
| Gift | Common Stock | 2,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. This transaction involved the reporting person's gift of 2,000 shares of POWL common stock to the KRP 2025 Revocable Trust, a trust established for the benefit of the reporting person's spouse ("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.
- F2. These shares are held directly by the Spousal Trust. The reporting person's spouse is the sole trustee of the Spousal Trust.
- F3. 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
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What insider transaction did Thomas W. Powell report for POWL?
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Was the POWL insider transaction a market sale or a gift?
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