McKertcher Terry B 4

What Happened

Terry B. McKertcher, Vice President, Operations of Powell Industries, sold a total of 3,000 shares in open-market transactions on February 6, 2026, receiving approximately $1,672,313 in proceeds. The sales were four blocks: 500 shares at $550.00 ($275,000), 1,300 shares at an average $555.96 ($722,748), 700 shares at an average $560.05 ($392,035), and 500 shares at $565.06 ($282,530). These transactions are sales (not purchases or option exercises).

Key Details

• Transaction date: 2026-02-06 (reported on Form 4 filed 2026-02-09; filing appears timely).
• Prices and values:
  • 500 sh @ $550.00 = $275,000
  • 1,300 sh @ $555.96 (avg; reporting range $555.74–$556.23) ≈ $722,748 (F2)
  • 700 sh @ $560.05 (avg; reporting range $560.05–$560.34) ≈ $392,035 (F3)
  • 500 sh @ $565.06 = $282,530
• Total shares sold: 3,000; total proceeds: ~$1.67M.
• Shares owned after transaction: Not specified in the provided filing summary.
• Notable footnotes:
  • F1: Includes shares that have a time‑based vesting provision.
  • F2/F3: Prices shown are averages from multiple trades; reporting ranges given and the reporting person can provide the per‑trade breakdown on request.
• No indication in the summary that these were part of a 10b5‑1 plan or that the filing was late.

Context

• This filing reports insider sales, which are common and can reflect many non‑market reasons (taxes, diversification, personal expenses). Sales are less directly informative of company prospects than purchases.
• The filing shows straightforward open‑market dispositions (no option exercise or gift). Retail investors should view the sale as factual disclosure of insider activity without assuming motive.