Williams Richard E 4

What Happened
Richard E. Williams, a director of Powell Industries (POWL), was granted 200 restricted shares on February 18, 2026. The grant price is listed at $0.01 per share, giving a nominal total value of $2. This was an equity award (grant) as compensation for board service, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-19 (appears timely).
• Transaction type: Award/Grant (code A).
• Shares granted: 200 restricted shares at $0.01 each (total $2).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes:
  • Grant represents restricted stock awarded under the Non-Employee Director Equity Incentive Plan; vesting occurs on the earlier of the first anniversary of the grant or the Company's 2027 Annual Stockholder Meeting.
  • RSUs convert into common stock one-for-one at vesting.
  • Includes time‑based vesting provisions.
• No indication of a 10b5-1 plan, tax withholding, or immediate sale in this filing.

Context
This is a routine board compensation award (restricted stock) rather than a market purchase or sale. Such awards are common for non-employee directors and reflect compensation practices, not necessarily a buy/sell signal about company prospects.