COPE BRETT ALAN 4

What happened

• Brett Alan Cope, President & CEO and a director of Powell Industries (POWL), was reported as acquiring 36,000 shares on July 1, 2026. The filing shows the shares were acquired at $0.01 per share for a nominal total value of $360. Footnotes in the Form 4 indicate this was a board-approved, one-time restricted stock unit (RSU) incentive intended to encourage continued service past retirement eligibility and that the shares include a time-based vesting provision.

Key details

• Transaction date and price: July 1, 2026 — 36,000 shares at $0.01 each (total $360).
• Filing date: Form 4 filed July 6, 2026 (filed 5 calendar days after the transaction; appears later than the standard 2-business-day Form 4 deadline).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 — board-approved one-time RSU incentive to continue service past retirement eligibility; F2 — includes shares with time-based vesting.
• Transaction code/notes: Filing lists the acquisition; footnotes identify the award as RSUs (time-based vesting).

Context

• This transaction reflects an award of restricted shares (RSUs) rather than a market purchase or sale. Such grants are commonly used for retention and compensation and can have vesting schedules; they do not by themselves indicate the insider is buying or selling shares in the open market.