Singh Mohit 4

What Happened

• Mohit Singh, a director of Powell Industries (POWL), was granted 200 restricted shares on 2026-02-18. The Form 4 reports an acquisition price of $0.01 per share, totaling $2. This grant is compensation for service on the company's Board of Directors under the Non-Employee Director Equity Incentive Plan (transaction code A — award/grant).
• This is an equity award (not an open-market purchase or sale). The award has time-based vesting and will convert into common stock on a one-for-one basis at vesting.

Key Details

• Transaction date: 2026-02-18; reported acquisition price: $0.01 per share; total reported value: $2.
• Vesting: Shares vest on the earlier of the first anniversary of the grant or the Company's 2027 Annual Stockholder Meeting (footnote F1).
• RSU conversion: RSUs convert into common stock on a one-for-one basis at vesting (footnote F2); includes time-based vesting shares (footnote F3).
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: Form filed 2026-02-19 (one day after the transaction) — appears timely.

Context

• Restricted stock/RSU grants to non-employee directors are common as board compensation and do not by themselves indicate the insider's view of the stock. The reported $0.01 price reflects the Form 4 reporting entry; the economic value to the recipient will depend on the market price when/if the shares vest and convert.