CURTIS KATHERYN BAUCOM 4

What Happened
Curtis Katheryn Baucom, a director of Powell Industries (POWL), was granted 200 restricted shares on 2026-02-18 (transaction code A). The shares were issued at $0.01 per share for a total reported value of $2. This was an equity award as board compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-19 (timely filing).
• Grant: 200 shares at $0.01 per share; total reported value $2.
• Shares owned after transaction: Not specified in this filing.
• Footnotes from the filing:
  • F1: These are restricted shares granted as compensation under the Non-Employee Director Equity Incentive Plan.
  • F2: RSUs convert into common stock on a one-for-one basis at vesting.
  • F3: Includes shares subject to time-based vesting.
• Transaction type: Award/grant (A). No sale or exercise occurred.

Context
This is a routine director compensation grant that vests on the earlier of one year from the grant date or the Company's 2027 Annual Stockholder Meeting. Such awards are common for non-employee directors and reflect compensation rather than a direct market signal; they do not indicate an immediate purchase of shares or sale proceeds.