Power Solutions (PSIX) insider files Form 144 to sell 1,500 vested shares
Rhea-AI Filing Summary
The filing is a Form 144 notice for Power Solutions International, Inc. (PSIX) reporting a proposed sale of 1,500 common shares through Morgan Stanley Smith Barney LLC. The shares were acquired on 07/10/2024 upon restricted stock vesting under a registered plan and were paid as compensation. The filer lists an approximate sale date of 09/11/2025 and an aggregate market value at the time of notice of $141,000.00. The issuer's total shares outstanding is reported as 23,029,846. The filer certifies they are not aware of any undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale notice for vested restricted stock; transaction appears procedural without disclosed material impact.
The Form 144 shows an individual proposing to sell 1,500 shares acquired through restricted stock vesting and paid as compensation. The sale is to be executed through Morgan Stanley Smith Barney. The filing includes the filers representation that no undisclosed material adverse information exists. Based solely on the disclosed facts, this is a standard required notice for an insider disposition and does not by itself indicate a change in company fundamentals.
TL;DR: Disclosure meets Rule 144 procedural requirements; no governance red flags are shown in the notice.
The document provides key Rule 144 elements: acquisition date, nature of acquisition (restricted stock vesting), amount, broker, proposed sale date, and outstanding shares. The signer affirms absence of undisclosed material information and warns about criminal penalties for misstatements. The filing is consistent with routine officer/insider compliance and trading-plan disclosure norms as presented.