McGill James W 4

What Happened
James W. McGill, a director of Powell Industries, received a grant of 200 restricted shares on 2026-02-18. The reported grant price was $0.01 per share (total reported value $2). This was an equity award (code A) issued as non-employee director 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 restricted shares at $0.01 per share; aggregate reported value $2.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: Shares granted as compensation under the Non-Employee Director Equity Incentive Plan; vest on the earlier of the first anniversary of the grant or the Company’s 2027 Annual Stockholder Meeting.
  • F2: RSUs convert into common stock one-for-one at vesting.
  • F3: Includes shares with a time-based vesting provision.
• Transaction type: Award/Grant (A). No 10b5-1 plan, tax withholding, or late-filing indicators noted in the provided data.

Context
This is a routine director compensation award. Restricted stock grants compensate board service and vest over time; they do not by themselves indicate buying or selling pressure. For retail investors, such awards are common and primarily reflect compensation practices rather than a direct signal about near-term insider sentiment.