GENDELL JEFFREY L ET AL 4
4 · IES Holdings, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
IES Holdings (IESC) 10% Owner Jeffrey Gendell Sells Shares
What Happened
Jeffrey L. Gendell, reported as a 10% owner through Tontine Capital Partners (TCP) and related entities, sold a total of 8,159 IES Holdings (IESC) shares in open‑market transactions between Feb 12 and Feb 17, 2026. The sales totaled approximately $4,291,074. Individual reported lots include 980 @ $525.05 ($514,549); 1,083 @ $526.51 ($570,210); 100 @ $527.27 ($52,727); 257 @ $528.65 ($135,863); 180 @ $530.68 ($95,522); 874 @ $531.71 ($464,715); 1,574 @ $533.26 ($839,351); 2,791 @ $520.10 ($1,451,599); and 320 @ $520.43 ($166,538). All sales were disposals (S) — i.e., outright sales, not purchases or option exercises.
Key Details
- Transaction dates/prices: Feb 12–13 and Feb 17, 2026; prices ranged roughly from $520.10 to $533.26 (several lots reported as weighted‑average or multiple transactions at single prices per footnotes).
- Shares sold: 8,159 shares; proceeds ≈ $4.29 million.
- Who sold: All shares reported as sold were sold by Tontine Capital Partners, L.P. (TCP); filing is joint with several Tontine entities and Mr. Gendell.
- Holdings reported: The filing lists substantial holdings across Gendell‑controlled entities (TCP ~5.52M shares and combined beneficial holdings of ~10.52M shares across entities, plus 65,069 phantom units).
- Notable footnotes: sales were executed in multiple transactions with some weighted‑average prices and specified price ranges (see filing footnotes F1, F7–F13); joint filing and ownership/disclaimer details are included (F2–F6).
- Filing date: Form 4 filed Feb 17, 2026 (transaction dates span Feb 12–17). The filing does not specify any 10b5‑1 plan or tax‑withholding event in the reported lines.
Context
These trades were executed by a 10% institutional owner (Tontine) for which Mr. Gendell is the managing member — institutional sales by a major shareholder do not necessarily reflect the trading behavior of company executives. This was a sale (liquidity/portfolio action) rather than a purchase; such disposals are commonly routine but are useful to monitor because they reduce the large insider‑related stake.
Insider Transaction Report
Form 4
GENDELL JEFFREY L ET AL
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
[F1][F2][F3][F4][F5][F6]2026-02-12$525.05/sh−980$514,549→ 10,594,340 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F7][F2][F3][F4][F5][F6]2026-02-12$526.51/sh−1,083$570,210→ 10,593,257 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F2][F3][F4][F5][F6]2026-02-12$527.27/sh−100$52,727→ 10,593,157 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F8][F2][F3][F4][F5][F6]2026-02-12$528.65/sh−257$135,863→ 10,592,900 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F9][F2][F3][F4][F5][F6]2026-02-12$530.68/sh−180$95,522→ 10,592,720 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F10][F2][F3][F4][F5][F6]2026-02-12$531.71/sh−874$464,715→ 10,591,846 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F11][F2][F3][F4][F5][F6]2026-02-12$533.26/sh−1,574$839,351→ 10,590,272 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F12][F2][F3][F4][F5][F6]2026-02-13$520.10/sh−2,791$1,451,599→ 10,587,481 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F13][F2][F3][F4][F5][F6]2026-02-17$520.43/sh−320$166,538→ 10,587,161 total(indirect: See footnotes)
Footnotes (13)
- [F1]All shares of Common Stock reported as sold in this Form 4 were sold by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $525.00 to $525.94, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F10]These shares were sold in multiple transactions each at a price of $531.71. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.
- [F11]These shares were sold in multiple transactions each at a price of $533.26. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.
- [F12]These shares were sold in multiple transactions each at a price of $520.10. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.
- [F13]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $520.41 to $520.50, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]This report is filed jointly by TCP, Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Capital Overseas Master Fund II, L.P., a Delaware limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM; (c) TAA, the general partner of TCP 2; (d) TA; and (e) TCO.
- [F3]TCP directly owns 5,524,391 shares of Common Stock, TCM directly owns 1,910,529 shares of Common Stock, TM directly owns 1,410,162 shares of Common Stock, TCP 2 directly owns 710,934 shares of Common Stock, TAA directly owns 96,891 shares of Common Stock, TA directly owns 640,057 shares of Common Stock, TCO directly owns 47,284 shares of Common Stock, Mr. Gendell directly owns 178,481 shares of Common Stock and 65,069 phantom stock units granted to him pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, and Mr. Gendell's adult children own 3,363 shares of Common Stock through trusts for which Mr. Gendell acts as trustee.
- [F4]All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
- [F5]Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TM, TCP 2, TAA, TA and TCO. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.
- [F6]TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA. TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM. TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $526.00 to $526.53, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $528.49 to $528.93, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F9]These shares were sold in multiple transactions each at a price of $530.68. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.